Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) Sets New 1-Year High – Here’s Why

Shares of Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) reached a new 52-week high on Friday . The company traded as high as $59.29 and last traded at $59.24, with a volume of 347396 shares. The stock had previously closed at $58.21.

Vanguard FTSE Emerging Markets ETF Stock Performance

The stock’s fifty day moving average is $55.92 and its two-hundred day moving average is $55.20. The firm has a market cap of $120.91 billion, a price-to-earnings ratio of 15.08 and a beta of 0.56.

Hedge Funds Weigh In On Vanguard FTSE Emerging Markets ETF

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Vanguard FTSE Emerging Markets ETF by 2.9% during the 4th quarter. Bank of America Corp DE now owns 117,534,933 shares of the exchange traded fund’s stock valued at $6,318,678,000 after buying an additional 3,367,569 shares during the period. Auto Owners Insurance Co grew its stake in shares of Vanguard FTSE Emerging Markets ETF by 7,261.2% in the 4th quarter. Auto Owners Insurance Co now owns 96,483,932 shares of the exchange traded fund’s stock worth $5,186,976,000 after purchasing an additional 95,173,216 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Vanguard FTSE Emerging Markets ETF by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 81,373,362 shares of the exchange traded fund’s stock worth $4,374,632,000 after purchasing an additional 4,319,682 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Vanguard FTSE Emerging Markets ETF by 4.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 78,224,671 shares of the exchange traded fund’s stock worth $4,205,358,000 after purchasing an additional 3,390,486 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of Vanguard FTSE Emerging Markets ETF by 5.7% in the 4th quarter. Morgan Stanley now owns 53,912,443 shares of the exchange traded fund’s stock worth $2,898,333,000 after purchasing an additional 2,927,985 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Vanguard FTSE Emerging Markets ETF Company 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.