Mirae Asset Global Investments Co. Ltd. Purchases New Position in Vanguard FTSE Emerging Markets ETF $VWO

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 278,326 shares of the exchange traded fund’s stock, valued at approximately $16,508,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in Vanguard FTSE Emerging Markets ETF by 23.2% during the first 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 buying an additional 27,271,317 shares during the period. Fifth Third Bancorp boosted its position in Vanguard FTSE Emerging Markets ETF by 67.7% during the 1st quarter. Fifth Third Bancorp now owns 2,941,703 shares of the exchange traded fund’s stock valued at $158,999,000 after acquiring an additional 1,187,987 shares in the last quarter. WealthNavi Inc. increased its holdings in shares of Vanguard FTSE Emerging Markets ETF by 6.6% in the 3rd quarter. WealthNavi Inc. now owns 17,717,789 shares of the exchange traded fund’s stock valued at $1,050,842,000 after acquiring an additional 1,094,474 shares during the period. Sumitomo Life Insurance Co. increased its holdings in shares of Vanguard FTSE Emerging Markets ETF by 125.9% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 1,554,566 shares of the exchange traded fund’s stock valued at $92,792,000 after acquiring an additional 866,422 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Vanguard FTSE Emerging Markets ETF by 6.9% in the 1st 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 acquiring an additional 736,799 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Vanguard FTSE Emerging Markets ETF Trading Down 0.6%

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

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.