Pinnacle Financial Partners Inc Has $44.40 Million Holdings in Vanguard FTSE Developed Markets ETF $VEA

Pinnacle Financial Partners Inc trimmed its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 28.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 741,006 shares of the company’s stock after selling 297,839 shares during the period. Vanguard FTSE Developed Markets ETF comprises about 1.1% of Pinnacle Financial Partners Inc’s investment portfolio, making the stock its 17th largest holding. Pinnacle Financial Partners Inc’s holdings in Vanguard FTSE Developed Markets ETF were worth $44,401,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. IFS Advisors LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF in the 2nd quarter valued at approximately $35,000. Armstrong Advisory Group Inc. lifted its stake in 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 valued at $47,000 after buying an additional 563 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in Vanguard FTSE Developed Markets ETF in the second quarter valued at approximately $48,000. Kilter Group LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF in the second quarter valued at approximately $49,000. Finally, Mid American Wealth Advisory Group Inc. bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the second quarter worth $52,000.

Vanguard FTSE Developed Markets ETF Stock Up 0.3%

Shares of NYSEARCA:VEA opened at $65.14 on Friday. The firm has a market cap of $201.78 billion, a price-to-earnings ratio of 16.34 and a beta of 0.87. Vanguard FTSE Developed Markets ETF has a 12 month low of $45.14 and a 12 month high of $65.18. The company’s fifty day simple moving average is $62.29 and its 200 day simple moving average is $60.15.

About Vanguard FTSE Developed Markets ETF

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.