HighTower Advisors LLC Sells 423,511 Shares of Vanguard FTSE Emerging Markets ETF $VWO

HighTower Advisors LLC cut its stake in Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) by 5.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,857,688 shares of the exchange traded fund’s stock after selling 423,511 shares during the period. HighTower Advisors LLC owned about 0.33% of Vanguard FTSE Emerging Markets ETF worth $409,335,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of 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 in the last quarter. Auto Owners Insurance Co raised its holdings in shares of Vanguard FTSE Emerging Markets ETF by 7,261.2% during the 4th 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Vanguard FTSE Emerging Markets ETF by 4.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 78,224,671 shares of the exchange traded fund’s stock valued at $4,205,358,000 after buying an additional 3,390,486 shares in the last quarter. Morgan Stanley raised its holdings in shares of Vanguard FTSE Emerging Markets ETF by 5.7% during the 4th quarter. Morgan Stanley now owns 53,912,443 shares of the exchange traded fund’s stock valued at $2,898,333,000 after buying an additional 2,927,985 shares in the last quarter. Finally, Betterment LLC lifted its position in Vanguard FTSE Emerging Markets ETF by 2.4% in the 4th quarter. Betterment LLC now owns 53,732,807 shares of the exchange traded fund’s stock worth $2,888,676,000 after buying an additional 1,257,504 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Vanguard FTSE Emerging Markets ETF Price Performance

Shares of VWO opened at $61.44 on Monday. The firm has a market cap of $126.14 billion, a P/E ratio of 15.08 and a beta of 0.60. The stock has a 50 day simple moving average of $59.56 and a two-hundred day simple moving average of $58.30. Vanguard FTSE Emerging Markets ETF has a 1 year low of $51.77 and a 1 year high of $61.54.

About Vanguard FTSE Emerging Markets ETF

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.