Grove Bank & Trust Grows Stock Position in Vanguard FTSE Emerging Markets ETF $VWO

Grove Bank & Trust boosted its holdings in Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) by 17.5% during the second quarter, Holdings Channel.com reports. The fund owned 227,564 shares of the exchange traded fund’s stock after acquiring an additional 33,905 shares during the period. Vanguard FTSE Emerging Markets ETF accounts for 1.3% of Grove Bank & Trust’s investment portfolio, making the stock its 17th largest holding. Grove Bank & Trust’s holdings in Vanguard FTSE Emerging Markets ETF were worth $13,583,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its stake in Vanguard FTSE Emerging Markets ETF by 89.9% in the 4th quarter. Farther Finance Advisors LLC now owns 516,425 shares of the exchange traded fund’s stock valued at $27,763,000 after purchasing an additional 244,486 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings in Vanguard FTSE Emerging Markets ETF by 5.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 772,033 shares of the exchange traded fund’s stock valued at $41,504,000 after purchasing an additional 41,390 shares in the last quarter. Luminvest Wealth Management LLC acquired a new stake in shares of Vanguard FTSE Emerging Markets ETF during the 4th quarter worth about $534,000. Manning & Napier Advisors LLC grew its holdings in shares of Vanguard FTSE Emerging Markets ETF by 7.7% during the fourth quarter. Manning & Napier Advisors LLC now owns 458,789 shares of the exchange traded fund’s stock worth $24,687,000 after buying an additional 32,988 shares in the last quarter. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of Vanguard FTSE Emerging Markets ETF during the fourth quarter worth about $1,278,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard FTSE Emerging Markets ETF Price Performance

NYSEARCA:VWO opened at $60.05 on Wednesday. The firm has a 50 day simple moving average of $59.22 and a 200-day simple moving average of $57.75. The firm has a market cap of $123.29 billion, a PE ratio of 15.08 and a beta of 0.60. Vanguard FTSE Emerging Markets ETF has a 1-year low of $50.07 and a 1-year high of $61.51.

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.