Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) is Drive Wealth Management LLC’s 5th Largest Position

Drive Wealth Management LLC decreased its stake in Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) by 3.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 271,770 shares of the exchange traded fund’s stock after selling 9,355 shares during the period. Vanguard FTSE Emerging Markets ETF comprises about 2.9% of Drive Wealth Management LLC’s holdings, making the stock its 5th biggest position. Drive Wealth Management LLC’s holdings in Vanguard FTSE Emerging Markets ETF were worth $11,969,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in Vanguard FTSE Emerging Markets ETF by 445.1% during the 3rd quarter. Principal Financial Group Inc. now owns 139,244 shares of the exchange traded fund’s stock valued at $6,663,000 after acquiring an additional 113,699 shares during the period. Gainplan LLC boosted its holdings in Vanguard FTSE Emerging Markets ETF by 3.7% during the 3rd quarter. Gainplan LLC now owns 56,895 shares of the exchange traded fund’s stock valued at $2,490,000 after acquiring an additional 2,055 shares during the period. State Street Corp boosted its holdings in Vanguard FTSE Emerging Markets ETF by 36.6% during the 3rd quarter. State Street Corp now owns 13,173 shares of the exchange traded fund’s stock valued at $630,000 after acquiring an additional 3,526 shares during the period. Exchange Traded Concepts LLC purchased a new position in Vanguard FTSE Emerging Markets ETF during the 3rd quarter valued at $201,000. Finally, Anderson Hoagland & Co. boosted its holdings in Vanguard FTSE Emerging Markets ETF by 75.7% during the 4th quarter. Anderson Hoagland & Co. now owns 228,112 shares of the exchange traded fund’s stock valued at $9,991,000 after acquiring an additional 98,259 shares during the period.

Vanguard FTSE Emerging Markets ETF Stock Up 0.5 %

VWO opened at $44.58 on Monday. The business has a fifty day moving average of $44.89 and a 200 day moving average of $45.31. Vanguard FTSE Emerging Markets ETF has a 52-week low of $39.43 and a 52-week high of $49.57. The stock has a market cap of $80.69 billion, a P/E ratio of 11.50 and a beta of 0.80.

About Vanguard FTSE Emerging Markets ETF

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.