Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) Hits New 12-Month High – Should You Buy?

Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $60.35 and last traded at $60.30, with a volume of 516284 shares trading hands. The stock had previously closed at $59.36.

Vanguard FTSE Emerging Markets ETF Stock Up 2.0%

The company has a market capitalization of $123.17 billion, a P/E ratio of 15.08 and a beta of 0.59. The company has a 50-day moving average of $56.10 and a two-hundred day moving average of $55.55.

Hedge Funds Weigh In On Vanguard FTSE Emerging Markets ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of 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 worth $6,318,678,000 after acquiring an additional 3,367,569 shares during the last quarter. Auto Owners Insurance Co increased its holdings in Vanguard FTSE Emerging Markets ETF by 7,261.2% during 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 period. Vanguard Group Inc. increased its holdings in Vanguard FTSE Emerging Markets ETF by 5.6% during 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 period. Northwestern Mutual Wealth Management Co. increased its holdings in Vanguard FTSE Emerging Markets ETF by 4.5% during 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 period. Finally, Morgan Stanley increased its holdings in Vanguard FTSE Emerging Markets ETF by 5.7% during 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 period. 67.19% of the stock is owned by institutional investors.

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.