23,772 Shares in Vanguard FTSE Emerging Markets ETF $VWO Purchased by Cornerstone Financial Management LLC

Cornerstone Financial Management LLC purchased a new position in Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) during the fourth quarter, Holdings Channel reports. The fund purchased 23,772 shares of the exchange traded fund’s stock, valued at approximately $1,278,000. Vanguard FTSE Emerging Markets ETF makes up about 1.2% of Cornerstone Financial Management LLC’s holdings, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VWO. Brighton Jones LLC boosted its holdings in shares of Vanguard FTSE Emerging Markets ETF by 50.1% in the 4th quarter. Brighton Jones LLC now owns 81,641 shares of the exchange traded fund’s stock worth $3,595,000 after buying an additional 27,259 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Vanguard FTSE Emerging Markets ETF in the 4th quarter worth about $622,000. Russell Investments Group Ltd. boosted its holdings in shares of Vanguard FTSE Emerging Markets ETF by 25.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,899 shares of the exchange traded fund’s stock worth $737,000 after buying an additional 3,026 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Vanguard FTSE Emerging Markets ETF by 2.7% in the 2nd quarter. First Trust Advisors LP now owns 34,401 shares of the exchange traded fund’s stock worth $1,701,000 after buying an additional 892 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Vanguard FTSE Emerging Markets ETF in the 2nd quarter worth about $5,626,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Vanguard FTSE Emerging Markets ETF Stock Performance

Shares of NYSEARCA:VWO opened at $59.55 on Friday. The company’s 50-day moving average is $58.55 and its 200 day moving average is $56.47. The company has a market capitalization of $121.13 billion, a P/E ratio of 15.08 and a beta of 0.59. Vanguard FTSE Emerging Markets ETF has a fifty-two week low of $47.46 and a fifty-two week high of $61.35.

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.