The South Dakota Investment Council has raised its holdings in the Vanguard FTSE Emerging Markets ETF (NYSEARCA: VWO) by 0.1% during the second quarter of 2023. According to the council’s recent filing with the Securities and Exchange Commission, the fund now owns 14,033,302 shares of the ETF, having acquired an additional 7,389 shares during this period. This increase makes the Vanguard ETF the council’s largest holding, accounting for approximately 13.3% of its total portfolio.
As of the latest filing, the South Dakota Investment Council holds about 0.76% of the Vanguard FTSE Emerging Markets ETF, valued at approximately $694,087,000. This strategic investment reflects broader trends among large institutional investors, as several have recently adjusted their positions in this ETF.
Recent Investor Activity
Other significant investors have also made changes to their holdings in the Vanguard ETF. Financial Gravity Asset Management Inc. purchased a new stake valued at around $26,000 in the first quarter. Meanwhile, Bulwark Capital Corp and Harbor Asset Planning Inc. each acquired new positions in the second quarter, worth approximately $30,000.
Additionally, Financial Management Professionals Inc. increased its holdings by 86.1% in the second quarter, now owning 644 shares valued at about $32,000 after buying an extra 298 shares. Another notable investor, Reyes Financial Architecture Inc., expanded its stake by an impressive 825.0% in the first quarter, bringing its total to 666 shares valued at around $30,000.
Currently, institutional investors and hedge funds collectively own 67.19% of the shares in the Vanguard FTSE Emerging Markets ETF, highlighting its popularity in the investment community.
Current Market Performance
As of the latest trading session, the Vanguard FTSE Emerging Markets ETF opened at $54.97. The fund boasts a market capitalization of $103.94 billion, a price-to-earnings (P/E) ratio of 15.08, and a beta of 0.55. Over the past year, the ETF has experienced a low of $39.53 and a high of $56.04, reflecting its performance in a fluctuating market.
The Vanguard FTSE Emerging Markets ETF aims to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index, which measures the returns of stocks issued by companies located in emerging market countries. As global economic conditions evolve, the ETF remains a key investment vehicle for those looking to gain exposure to emerging markets.
Investors interested in updates regarding the Vanguard FTSE Emerging Markets ETF can subscribe to daily summaries of relevant news and ratings, ensuring they stay informed about this significant player in the exchange-traded fund market.
