Summit Financial Strategies Inc. Sells 11,934 Shares of Vanguard FTSE Emerging Markets ETF $VWO

Summit Financial Strategies Inc. cut its position in shares of Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) by 21.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,923 shares of the exchange traded fund’s stock after selling 11,934 shares during the period. Summit Financial Strategies Inc.’s holdings in Vanguard FTSE Emerging Markets ETF were worth $2,546,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VWO. Bank of America Corp DE lifted its stake in Vanguard FTSE Emerging Markets ETF by 23.2% in the first quarter. Bank of America Corp DE now owns 144,806,250 shares of the exchange traded fund’s stock worth $7,826,778,000 after purchasing an additional 27,271,317 shares during the last quarter. Auto Owners Insurance Co boosted its position in shares of Vanguard FTSE Emerging Markets ETF by 7,261.2% during the fourth quarter. Auto Owners Insurance Co now owns 96,483,932 shares of the exchange traded fund’s stock valued at $5,186,976,000 after buying an additional 95,173,216 shares during the period. Wit LLC boosted its position in shares of Vanguard FTSE Emerging Markets ETF by 7.0% during the fourth quarter. Wit LLC now owns 41,074,353 shares of the exchange traded fund’s stock valued at $2,208,157,000 after buying an additional 2,671,801 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Vanguard FTSE Emerging Markets ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 40,194,652 shares of the exchange traded fund’s stock valued at $2,399,219,000 after buying an additional 629,936 shares during the last quarter. Finally, WealthNavi Inc. grew its stake in shares of Vanguard FTSE Emerging Markets ETF by 1.5% during the first quarter. WealthNavi Inc. now owns 16,101,944 shares of the exchange traded fund’s stock valued at $870,310,000 after buying an additional 244,799 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Vanguard FTSE Emerging Markets ETF Stock Performance

Shares of NYSEARCA VWO opened at $58.90 on Thursday. The business’s 50 day moving average price is $60.19 and its 200-day moving average price is $59.14. Vanguard FTSE Emerging Markets ETF has a fifty-two week low of $52.20 and a fifty-two week high of $61.53. The company has a market cap of $124.43 billion, a price-to-earnings ratio of 15.08 and a beta of 0.60.

Vanguard FTSE Emerging Markets ETF Profile

The Fund seeks to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index, that measures the return of stocks issued by companies located in emerging market countries.