Franklin Resources Inc. Increases Shares in Vanguard FTSE All-World ex-US ETF

Franklin Resources Inc. has recently enhanced its investment in the Vanguard FTSE All-World ex-US ETF (NYSEARCA:VEU) by 4.3% in the third quarter. Currently, the institutional investor holds a total of 79,085 shares after adding an additional 3,258 shares during the quarter. The value of Franklin Resources Inc.'s holdings in the Vanguard FTSE All-World ex-US ETF amounts to approximately $4,940,000 at the close of the most recent reporting period.

In addition to Franklin Resources, other institutional investors have also been active in buying and selling shares in the ETF. Farmers & Merchants Investments Inc. significantly increased its position in the ETF by 190.0% in the second quarter and now owns 435 shares, valued at around $26,000, following their acquisition of an additional 285 shares. During the third quarter, Resources Management Corp CT ADV also initiated a new stake in the ETF, valued at $26,000.

Reston Wealth Management LLC made a new investment in the Vanguard FTSE All-World ex-US ETF in the same quarter, worth $27,000. Similarly, Hantz Financial Services Inc. acquired a new stake in the ETF in the second quarter for an estimated $29,000. Washington Trust Advisors Inc. made an even more substantial increase in their investment, boosting their position by an impressive 1,718.2% during the third quarter, resulting in their ownership of 600 shares valued at about $38,000 after buying an additional 567 shares.

Current Performance of Vanguard FTSE All-World ex-US ETF

As of Tuesday, the Vanguard FTSE All-World ex-US ETF is trading up by 0.6%, with its price opening at $57.61. Over the past year, the ETF has reflected a low of $53.68 and a high of $63.81. It currently maintains a 50-day moving average price of $60.13 and a 200-day moving average price of $60.21. With a market capitalization of $38.20 billion, its price-to-earnings ratio stands at 13.05, and it has a beta of 0.85, indicating its stability compared to the broader market.

Overview of Vanguard FTSE All-World ex-US ETF

The Vanguard FTSE All-World ex-US ETF is an exchange-traded fund that operates under a passive investment approach designed to replicate the performance of the FTSE All-World ex-US Index. This index comprises around 2,200 stocks from companies across 46 countries, including both developed and emerging markets.

Conclusion

With multiple hedge funds enhancing their stakes in the Vanguard FTSE All-World ex-US ETF, the current interest from institutional investors highlights a growing confidence in international diversification through this ETF.

Franklin, Vanguard, ETF