Summit Financial Strategies Inc. Cuts Stake in Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO)

Summit Financial Strategies Inc. lowered its position in shares of Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,288 shares of the exchange traded fund’s stock after selling 1,039 shares during the period. Summit Financial Strategies Inc.’s holdings in Vanguard FTSE Emerging Markets ETF were worth $3,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its position in Vanguard FTSE Emerging Markets ETF by 5.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 58,217,006 shares of the exchange traded fund’s stock valued at $2,547,768,000 after acquiring an additional 2,996,084 shares during the last quarter. Stifel Financial Corp increased its position in Vanguard FTSE Emerging Markets ETF by 39.8% in the third quarter. Stifel Financial Corp now owns 4,671,006 shares of the exchange traded fund’s stock worth $223,508,000 after buying an additional 1,330,526 shares in the last quarter. Icon Wealth Advisors LLC raised its stake in Vanguard FTSE Emerging Markets ETF by 8,134.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 1,166,612 shares of the exchange traded fund’s stock worth $55,822,000 after acquiring an additional 1,152,445 shares during the period. International Assets Investment Management LLC raised its position in shares of Vanguard FTSE Emerging Markets ETF by 4,618.7% during the 3rd quarter. International Assets Investment Management LLC now owns 1,170,087 shares of the exchange traded fund’s stock valued at $55,989,000 after purchasing an additional 1,145,290 shares during the period. Finally, Empower Advisory Group LLC raised its holdings in Vanguard FTSE Emerging Markets ETF by 2.6% during the third quarter. Empower Advisory Group LLC now owns 31,623,839 shares of the exchange traded fund’s stock valued at $1,513,201,000 after acquiring an additional 793,333 shares during the period.

Vanguard FTSE Emerging Markets ETF Price Performance

VWO stock opened at $44.58 on Monday. The business has a 50 day simple moving average of $44.89 and a two-hundred day simple moving average of $45.31. Vanguard FTSE Emerging Markets ETF has a 1-year low of $39.43 and a 1-year high of $49.57. The company has a market capitalization of $80.69 billion, a price-to-earnings ratio of 11.50 and a beta of 0.80.

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.