Cornerstone Financial Management LLC Purchases New Stake in Vanguard FTSE Emerging Markets ETF $VWO

Cornerstone Financial Management LLC purchased a new stake in Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,772 shares of the exchange traded fund’s stock, valued at approximately $1,278,000. Vanguard FTSE Emerging Markets ETF accounts for about 1.2% of Cornerstone Financial Management LLC’s investment portfolio, making the stock its 25th biggest holding.

Other hedge funds have also bought and sold shares of the company. Brookstone Capital Management boosted its holdings in Vanguard FTSE Emerging Markets ETF by 16.9% during the 4th quarter. Brookstone Capital Management now owns 490,324 shares of the exchange traded fund’s stock worth $26,360,000 after acquiring an additional 70,731 shares during the last quarter. Union Bancaire Privee UBP SA boosted its holdings in Vanguard FTSE Emerging Markets ETF by 4,458.1% during the 4th quarter. Union Bancaire Privee UBP SA now owns 195,633 shares of the exchange traded fund’s stock worth $10,498,000 after acquiring an additional 191,341 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in Vanguard FTSE Emerging Markets ETF by 31.0% during the 3rd quarter. Clearstead Advisors LLC now owns 96,027 shares of the exchange traded fund’s stock worth $5,203,000 after acquiring an additional 22,726 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Vanguard FTSE Emerging Markets ETF by 2.2% during the 3rd quarter. Fifth Third Bancorp now owns 1,718,090 shares of the exchange traded fund’s stock worth $93,086,000 after acquiring an additional 37,514 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. boosted its holdings in Vanguard FTSE Emerging Markets ETF by 50.9% during the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 249,748 shares of the exchange traded fund’s stock worth $13,426,000 after acquiring an additional 84,248 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Vanguard FTSE Emerging Markets ETF Price Performance

VWO opened at $59.55 on Friday. The company has a market capitalization of $121.13 billion, a price-to-earnings ratio of 15.08 and a beta of 0.59. The firm’s fifty day moving average price is $58.55 and its two-hundred day moving average price is $56.47. Vanguard FTSE Emerging Markets ETF has a 1 year low of $47.46 and a 1 year high of $61.35.

Vanguard FTSE Emerging Markets ETF 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.