The South Dakota Investment Council has increased its investment in the Vanguard FTSE Emerging Markets ETF (NYSEARCA: VWO) by 0.1%, bringing its total holdings to approximately $694.1 million. This growth comes after the council acquired an additional 7,389 shares during the second quarter, resulting in a total of 14,033,302 shares owned. The Vanguard ETF now constitutes about 13.3% of the South Dakota Investment Council’s overall portfolio, making it the largest individual holding within the fund.
As of the latest filing with the Securities and Exchange Commission, the South Dakota Investment Council holds about 0.76% of the total Vanguard FTSE Emerging Markets ETF shares. This significant investment highlights the council’s confidence in emerging markets, which are increasingly seen as key drivers of global economic growth.
Several other large investors have also adjusted their positions in the Vanguard ETF recently. For instance, Financial Gravity Asset Management Inc. purchased a new stake valued at approximately $26,000 in the first quarter. Bulwark Capital Corp and Harbor Asset Planning Inc. each acquired new positions worth about $30,000 during the second quarter. Additionally, Financial Management Professionals Inc. boosted its holdings by a remarkable 86.1%, now owning 644 shares worth $32,000 after purchasing an additional 298 shares. Reyes Financial Architecture Inc. also expanded its stake by 825.0%, holding 666 shares valued at $30,000 following a purchase of 594 shares.
The Vanguard FTSE Emerging Markets ETF is currently dominated by institutional investors and hedge funds, who collectively own approximately 67.19% of the stock.
Market Performance and Overview
On the trading front, the Vanguard FTSE Emerging Markets ETF opened at $54.97 on Friday. It boasts a market capitalization of $103.94 billion, a price-to-earnings (P/E) ratio of 15.08, and a beta of 0.55, indicating lower volatility relative to the overall market. Its fifty-day moving average price stands at $53.75, while the two-hundred-day moving average price is $50.34. Over the past year, the ETF has experienced a low of $39.53 and a high of $56.04.
The Vanguard FTSE Emerging Markets ETF seeks to replicate the performance of the FTSE Emerging Markets All Cap China A Inclusion Index. This index measures the returns of stocks issued by companies based in emerging market countries, representing a broad spectrum of industries and sectors.
Investors interested in the Vanguard FTSE Emerging Markets ETF can stay updated on the latest news and ratings through various financial platforms, which provide concise summaries and insights into the ETF’s performance and market trends.
