Franklin Resources Inc. Lowers Stock Holdings in Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO)

Franklin Resources Inc. lessened its holdings in Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO) by 5.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 384,887 shares of the exchange traded fund’s stock after selling 23,768 shares during the quarter. Franklin Resources Inc.’s holdings in Vanguard FTSE Emerging Markets ETF were worth $16,950,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VWO. Brooklyn FI LLC boosted its position in shares of Vanguard FTSE Emerging Markets ETF by 6,596.9% during the fourth quarter. Brooklyn FI LLC now owns 15,718,253 shares of the exchange traded fund’s stock worth $730,113,000 after acquiring an additional 15,483,542 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Vanguard FTSE Emerging Markets ETF during the 4th quarter valued at about $268,180,000. Sumitomo Life Insurance Co. bought a new position in shares of Vanguard FTSE Emerging Markets ETF during the 4th quarter valued at about $106,724,000. Freestone Capital Holdings LLC grew its position in shares of Vanguard FTSE Emerging Markets ETF by 186.7% during the fourth quarter. Freestone Capital Holdings LLC now owns 3,295,732 shares of the exchange traded fund’s stock valued at $145,144,000 after purchasing an additional 2,146,078 shares in the last quarter. Finally, Life Planning Partners Inc increased its holdings in shares of Vanguard FTSE Emerging Markets ETF by 4,311.0% in the fourth quarter. Life Planning Partners Inc now owns 2,137,450 shares of the exchange traded fund’s stock worth $94,133,000 after purchasing an additional 2,088,993 shares during the last quarter.

Vanguard FTSE Emerging Markets ETF Trading Down 4.0 %

NYSEARCA:VWO opened at $40.43 on Tuesday. The company has a market capitalization of $104.31 billion, a P/E ratio of 15.13 and a beta of 0.59. The business’s 50-day moving average is $45.30 and its 200 day moving average is $45.71. Vanguard FTSE Emerging Markets ETF has a 12 month low of $39.93 and a 12 month high of $49.57.

Vanguard FTSE Emerging Markets ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 21st were given a dividend of $0.0468 per share. The ex-dividend date was Friday, March 21st.

Vanguard FTSE Emerging Markets ETF Company Profile

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.