Riverpoint Wealth Management Holdings LLC has decreased its holdings in the Vanguard FTSE Emerging Markets ETF (NYSEARCA: VWO) by 1.3% during the second quarter of 2023, as detailed in its recent Form 13F filing with the U.S. Securities and Exchange Commission (SEC). The firm now holds 40,822 shares of the ETF, having sold 551 shares during this period. As of the latest filing, Riverpoint’s investment in the Vanguard FTSE Emerging Markets ETF is valued at approximately $2,019,000, accounting for 0.5% of its total portfolio.
Several other institutional investors have also adjusted their positions in the Vanguard FTSE ETF. Parker Financial LLC increased its stake by 3.1%, now owning 329,155 shares worth around $16,281,000 after acquiring an additional 9,952 shares. Similarly, Lion Street Advisors LLC raised its holdings by 3.0%, bringing its total to 10,848 shares valued at $537,000 following the purchase of 316 shares.
MGO One Seven LLC also enhanced its investment by 2.3%, holding 190,318 shares worth $9,413,000 after buying an additional 4,189 shares. Additionally, Presilium Private Wealth LLC increased its position by 2.8%, now owning 652,895 shares valued at $32,292,000 after acquiring 17,501 shares. Welch Group LLC entered the ETF market with a new investment valued at $227,000.
As of now, institutional investors control 67.19% of the Vanguard FTSE Emerging Markets ETF’s total shares.
Market Performance Overview
On August 21, 2023, the Vanguard FTSE Emerging Markets ETF opened at $52.54. The ETF has a market capitalization of $99.35 billion, a price-to-earnings ratio of 15.08, and a beta of 0.69. Over the past year, the ETF has fluctuated, hitting a low of $39.53 and a high of $55.19. Its fifty-day simple moving average is currently $52.63, while the 200-day moving average stands at $49.11.
The Vanguard FTSE Emerging Markets ETF is designed to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index, which measures the returns of stocks issued by companies in emerging markets.
As the investment landscape evolves, the adjustments made by Riverpoint Wealth Management and other firms reflect broader trends in asset allocation and market sentiment regarding emerging markets.