Brown Wealth Management LLC Increases Holdings in Vanguard FTSE Emerging Markets ETF $VWO

Brown Wealth Management LLC lifted its position in Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) by 815.0% in the 4th quarter, HoldingsChannel reports. The firm owned 117,475 shares of the exchange traded fund’s stock after purchasing an additional 104,636 shares during the quarter. Vanguard FTSE Emerging Markets ETF makes up about 1.7% of Brown Wealth Management LLC’s portfolio, making the stock its 12th largest position. Brown Wealth Management LLC’s holdings in Vanguard FTSE Emerging Markets ETF were worth $6,315,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Vanguard FTSE Emerging Markets ETF by 5.6% in the fourth 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. raised its stake in shares of Vanguard FTSE Emerging Markets ETF by 4.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 74,834,185 shares of the exchange traded fund’s stock worth $4,054,516,000 after purchasing an additional 3,217,413 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in Vanguard FTSE Emerging Markets ETF by 0.3% during the fourth quarter. Wealthfront Advisers LLC now owns 47,401,085 shares of the exchange traded fund’s stock worth $2,548,282,000 after acquiring an additional 130,947 shares during the period. Northern Trust Corp grew its holdings in Vanguard FTSE Emerging Markets ETF by 0.5% during the third quarter. Northern Trust Corp now owns 44,301,345 shares of the exchange traded fund’s stock worth $2,400,247,000 after acquiring an additional 231,937 shares during the period. Finally, UBS Group AG grew its holdings in Vanguard FTSE Emerging Markets ETF by 1.7% during the fourth quarter. UBS Group AG now owns 19,857,045 shares of the exchange traded fund’s stock worth $1,067,515,000 after acquiring an additional 335,001 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard FTSE Emerging Markets ETF Stock Down 1.0%

Vanguard FTSE Emerging Markets ETF stock opened at $57.87 on Wednesday. The firm has a market cap of $117.72 billion, a price-to-earnings ratio of 15.08 and a beta of 0.59. Vanguard FTSE Emerging Markets ETF has a 52 week low of $46.73 and a 52 week high of $61.03. The business’s 50-day moving average price is $56.63 and its 200 day moving average price is $55.87.

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.