Vanguard FTSE Developed Markets ETF $VEA Stock Position Raised by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. increased its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 512,585 shares of the company’s stock after purchasing an additional 10,486 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises about 5.8% of Sovereign Financial Group Inc.’s holdings, making the stock its largest position. Sovereign Financial Group Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $30,714,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VEA. IFS Advisors LLC purchased a new position in Vanguard FTSE Developed Markets ETF during the 2nd quarter valued at about $35,000. Armstrong Advisory Group Inc. lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 210.1% in the second quarter. Armstrong Advisory Group Inc. now owns 831 shares of the company’s stock worth $47,000 after buying an additional 563 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Vanguard FTSE Developed Markets ETF in the second quarter valued at approximately $48,000. Kilter Group LLC purchased a new position in Vanguard FTSE Developed Markets ETF during the second quarter valued at approximately $49,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in Vanguard FTSE Developed Markets ETF during the second quarter valued at approximately $52,000.

Vanguard FTSE Developed Markets ETF Trading Up 0.2%

Vanguard FTSE Developed Markets ETF stock opened at $62.81 on Friday. The firm’s 50 day simple moving average is $61.42 and its 200 day simple moving average is $59.36. Vanguard FTSE Developed Markets ETF has a 1-year low of $45.14 and a 1-year high of $63.08. The firm has a market capitalization of $187.15 billion, a PE ratio of 16.34 and a beta of 0.87.

Vanguard FTSE Developed Markets ETF Profile

The Vanguard Developed Markets Index Fund (VEA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap weighted index of large-, mid- and small-cap stocks from developed markets outside the US. VEA was launched on Jul 20, 2007 and is managed by Vanguard.