Vanguard FTSE Developed Markets ETF $VEA Stake Reduced by Meridian Management Co.

Meridian Management Co. cut its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 29.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 571,094 shares of the company’s stock after selling 239,728 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises approximately 9.2% of Meridian Management Co.’s investment portfolio, making the stock its biggest position. Meridian Management Co.’s holdings in Vanguard FTSE Developed Markets ETF were worth $34,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VEA. Princeton Global Asset Management LLC raised its stake in shares of Vanguard FTSE Developed Markets ETF by 2.6% in the 3rd quarter. Princeton Global Asset Management LLC now owns 6,718 shares of the company’s stock valued at $403,000 after acquiring an additional 168 shares during the period. Smith Salley Wealth Management raised its position in Vanguard FTSE Developed Markets ETF by 0.8% in the third quarter. Smith Salley Wealth Management now owns 20,096 shares of the company’s stock valued at $1,204,000 after purchasing an additional 168 shares during the period. Armbruster Capital Management Inc. lifted its stake in Vanguard FTSE Developed Markets ETF by 0.3% during the third quarter. Armbruster Capital Management Inc. now owns 62,626 shares of the company’s stock worth $3,753,000 after purchasing an additional 169 shares in the last quarter. Stanley Laman Group Ltd. boosted its position in shares of Vanguard FTSE Developed Markets ETF by 1.5% during the third quarter. Stanley Laman Group Ltd. now owns 11,455 shares of the company’s stock worth $686,000 after buying an additional 169 shares during the period. Finally, PFG Investments LLC boosted its position in shares of Vanguard FTSE Developed Markets ETF by 0.9% during the third quarter. PFG Investments LLC now owns 18,087 shares of the company’s stock worth $1,084,000 after buying an additional 170 shares during the period.

Vanguard FTSE Developed Markets ETF Trading Up 0.5%

Shares of NYSEARCA VEA opened at $67.07 on Friday. The stock has a market capitalization of $207.76 billion, a PE ratio of 16.34 and a beta of 0.87. Vanguard FTSE Developed Markets ETF has a twelve month low of $45.14 and a twelve month high of $67.39. The stock has a fifty day simple moving average of $63.21 and a 200-day simple moving average of $60.69.

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.