Steelhead Wealth Management LLC Takes $9.25 Million Position in Vanguard FTSE Emerging Markets ETF $VWO

Steelhead Wealth Management LLC bought a new position in Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 171,194 shares of the exchange traded fund’s stock, valued at approximately $9,253,000. Vanguard FTSE Emerging Markets ETF accounts for about 4.7% of Steelhead Wealth Management LLC’s holdings, making the stock its 6th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in Vanguard FTSE Emerging Markets ETF by 23.2% in 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 purchasing an additional 27,271,317 shares during the period. Auto Owners Insurance Co raised its position in shares of Vanguard FTSE Emerging Markets ETF by 7,261.2% during the fourth quarter. Auto Owners Insurance Co now owns 96,483,932 shares of the exchange traded fund’s stock valued at $5,186,976,000 after buying an additional 95,173,216 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Vanguard FTSE Emerging Markets ETF by 5.6% in the fourth quarter. Vanguard Group Inc. now owns 81,373,362 shares of the exchange traded fund’s stock worth $4,374,632,000 after buying an additional 4,319,682 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Vanguard FTSE Emerging Markets ETF by 4.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 78,224,671 shares of the exchange traded fund’s stock worth $4,205,358,000 after buying an additional 3,390,486 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Vanguard FTSE Emerging Markets ETF by 5.7% during the fourth quarter. Morgan Stanley now owns 53,912,443 shares of the exchange traded fund’s stock worth $2,898,333,000 after acquiring an additional 2,927,985 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Vanguard FTSE Emerging Markets ETF Stock Performance

VWO opened at $58.75 on Monday. The stock has a market capitalization of $120.62 billion, a price-to-earnings ratio of 15.08 and a beta of 0.59. The company has a fifty day moving average of $59.22 and a 200 day moving average of $57.70. Vanguard FTSE Emerging Markets ETF has a fifty-two week low of $49.37 and a fifty-two week high of $61.51.

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.