Summit Financial Strategies Inc. Sells 3,443 Shares of Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO)

Summit Financial Strategies Inc. cut its stake in Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,327 shares of the exchange traded fund’s stock after selling 3,443 shares during the period. Vanguard FTSE Emerging Markets ETF accounts for 0.4% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 27th largest holding. Summit Financial Strategies Inc.’s holdings in Vanguard FTSE Emerging Markets ETF were worth $3,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VWO. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Vanguard FTSE Emerging Markets ETF during the second quarter worth $30,000. Russell Investments Group Ltd. bought a new position in shares of Vanguard FTSE Emerging Markets ETF in the 1st quarter worth about $30,000. Fairscale Capital LLC acquired a new position in shares of Vanguard FTSE Emerging Markets ETF in the 2nd quarter valued at about $35,000. Field & Main Bank acquired a new stake in Vanguard FTSE Emerging Markets ETF during the second quarter worth approximately $40,000. Finally, CarsonAllaria Wealth Management Ltd. acquired a new position in Vanguard FTSE Emerging Markets ETF in the first quarter valued at approximately $39,000.

Vanguard FTSE Emerging Markets ETF Price Performance

Shares of NYSEARCA:VWO traded down $0.18 during mid-day trading on Thursday, hitting $47.22. The company had a trading volume of 1,278,287 shares, compared to its average volume of 9,343,499. Vanguard FTSE Emerging Markets ETF has a one year low of $37.46 and a one year high of $49.57. The firm has a fifty day moving average price of $45.66 and a 200 day moving average price of $44.19. The company has a market capitalization of $85.47 billion, a PE ratio of 11.50 and a beta of 0.80.

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.