Riverpoint Wealth Management Holdings LLC has reduced its stake in the Vanguard FTSE Emerging Markets ETF (NYSEARCA: VWO) by 1.3% during the second quarter of 2023. According to the firm’s recent Form 13F filing with the U.S. Securities and Exchange Commission (SEC), Riverpoint now holds 40,822 shares of the fund after selling 551 shares throughout the period. This adjustment brings the total value of its investment in the Vanguard ETF to approximately $2.02 million, making it the firm’s 22nd largest holding.
Several other institutional investors have also made changes to their positions in the Vanguard FTSE Emerging Markets ETF. Parker Financial LLC increased its stake by 3.1%, acquiring an additional 9,952 shares, which now totals $16.28 million. Similarly, Lion Street Advisors LLC raised its holdings by 3.0%, adding 316 shares to reach a total value of $537,000. MGO One Seven LLC also boosted its investment, increasing its holdings by 2.3%, resulting in a total of 190,318 shares valued at $9.41 million.
In addition, Welch Group LLC initiated a new position in the Vanguard ETF, valued at $227,000. Presilium Private Wealth LLC also expanded its investment, raising its holdings by 2.8% to own 652,895 shares worth $32.29 million.
As of the latest reports, institutional investors and hedge funds collectively own 67.19% of the Vanguard FTSE Emerging Markets ETF.
Market Performance Overview
The Vanguard FTSE Emerging Markets ETF opened at $52.54 on Monday, reflecting a 3.6% decline. The fund boasts 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 experienced a low of $39.53 and a high of $55.19.
The fund 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. This strategy aligns with the growing interest among investors seeking exposure to developing economies.
As markets continue to fluctuate, the adjustments made by Riverpoint and other firms signal a strategic approach to managing investments in emerging market sectors. Investors will be keen to monitor how these adjustments impact both their portfolios and the broader market landscape in the coming months.
