Vanguard FTSE Emerging Markets ETF $VWO Stock Sold by Gemmer Asset Management LLC

Gemmer Asset Management LLC lowered its stake in shares of Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) by 23.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 41,758 shares of the exchange traded fund’s stock after selling 12,796 shares during the period. Gemmer Asset Management LLC’s holdings in Vanguard FTSE Emerging Markets ETF were worth $2,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE grew its position in shares of Vanguard FTSE Emerging Markets ETF by 23.2% in the first quarter. Bank of America Corp DE now owns 144,806,250 shares of the exchange traded fund’s stock valued at $7,826,778,000 after purchasing an additional 27,271,317 shares in the last quarter. Auto Owners Insurance Co raised its stake in shares of 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 valued at $5,186,976,000 after purchasing an additional 95,173,216 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Vanguard FTSE Emerging Markets ETF by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 40,194,652 shares of the exchange traded fund’s stock valued at $2,399,219,000 after purchasing an additional 629,936 shares during the period. WealthNavi Inc. raised its stake in shares of Vanguard FTSE Emerging Markets ETF by 1.5% during the 1st quarter. WealthNavi Inc. now owns 16,101,944 shares of the exchange traded fund’s stock valued at $870,310,000 after purchasing an additional 244,799 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Vanguard FTSE Emerging Markets ETF by 2.6% during the 1st quarter. Royal Bank of Canada now owns 13,962,984 shares of the exchange traded fund’s stock worth $754,698,000 after purchasing an additional 357,458 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Vanguard FTSE Emerging Markets ETF Stock Performance

Shares of VWO opened at $58.03 on Friday. The stock’s 50-day simple moving average is $60.11 and its 200 day simple moving average is $59.17. The stock has a market capitalization of $122.59 billion, a price-to-earnings ratio of 15.08 and a beta of 0.60. Vanguard FTSE Emerging Markets ETF has a 52-week low of $52.20 and a 52-week high of $61.53.

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.