Summa Corp. Makes New $2.34 Million Investment in Vanguard FTSE Emerging Markets ETF $VWO

Summa Corp. purchased a new position in shares of Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) in the 3rd quarter, Holdings Channel reports. The firm purchased 39,441 shares of the exchange traded fund’s stock, valued at approximately $2,339,000. Vanguard FTSE Emerging Markets ETF makes up approximately 0.5% of Summa Corp.’s investment portfolio, making the stock its 24th biggest holding.

Several other institutional investors also recently modified their holdings of VWO. Bank of America Corp DE grew its position in Vanguard FTSE Emerging Markets ETF by 23.2% during the 1st quarter. Bank of America Corp DE now owns 144,806,250 shares of the exchange traded fund’s stock worth $7,826,778,000 after acquiring an additional 27,271,317 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Vanguard FTSE Emerging Markets ETF by 1.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 40,194,652 shares of the exchange traded fund’s stock worth $2,399,219,000 after purchasing an additional 629,936 shares in the last quarter. WealthNavi Inc. raised its position in Vanguard FTSE Emerging Markets ETF by 6.6% in the third quarter. WealthNavi Inc. now owns 17,717,789 shares of the exchange traded fund’s stock valued at $1,050,842,000 after purchasing an additional 1,094,474 shares during the last quarter. Royal Bank of Canada raised its position in Vanguard FTSE Emerging Markets ETF by 2.6% in the first quarter. Royal Bank of Canada now owns 13,962,984 shares of the exchange traded fund’s stock valued at $754,698,000 after purchasing an additional 357,458 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Vanguard FTSE Emerging Markets ETF by 6.9% in the first quarter. Bank of New York Mellon Corp now owns 11,488,522 shares of the exchange traded fund’s stock valued at $620,955,000 after purchasing an additional 736,799 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Vanguard FTSE Emerging Markets ETF Trading Down 0.6%

Shares of VWO stock opened at $55.34 on Wednesday. The business’s 50-day moving average price is $59.28 and its 200-day moving average price is $58.30. Vanguard FTSE Emerging Markets ETF has a 12 month low of $52.20 and a 12 month high of $61.53. The firm has a market capitalization of $116.91 billion, a price-to-earnings ratio of 15.08 and a beta of 0.62.

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.