Pinnacle Wealth Management Advisory Group LLC Sells 50,790 Shares of Vanguard FTSE Developed Markets ETF $VEA

Pinnacle Wealth Management Advisory Group LLC cut its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 11.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 387,943 shares of the company’s stock after selling 50,790 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises about 1.7% of Pinnacle Wealth Management Advisory Group LLC’s holdings, making the stock its 12th largest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $24,859,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in Vanguard FTSE Developed Markets ETF by 2.1% in the 4th quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock worth $12,853,704,000 after acquiring an additional 4,289,361 shares during the last quarter. Betterment LLC lifted its holdings in Vanguard FTSE Developed Markets ETF by 0.8% during the fourth quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock valued at $8,657,615,000 after purchasing an additional 1,140,627 shares during the last quarter. Morgan Stanley lifted its holdings in Vanguard FTSE Developed Markets ETF by 44.0% during the fourth quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock valued at $5,652,975,000 after purchasing an additional 27,650,637 shares during the last quarter. Auto Owners Insurance Co boosted its position in Vanguard FTSE Developed Markets ETF by 6,941.5% during the fourth quarter. Auto Owners Insurance Co now owns 73,636,513 shares of the company’s stock worth $4,600,073,000 after purchasing an additional 72,590,763 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Vanguard FTSE Developed Markets ETF by 1.3% during the fourth quarter. Wells Fargo & Company MN now owns 64,314,341 shares of the company’s stock worth $4,017,717,000 after purchasing an additional 848,196 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Down 0.8%

VEA opened at $70.56 on Friday. The firm has a 50-day moving average price of $70.28 and a 200-day moving average price of $67.09. Vanguard FTSE Developed Markets ETF has a twelve month low of $55.68 and a twelve month high of $73.23. The company has a market capitalization of $226.30 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83.

Vanguard FTSE Developed Markets ETF Company 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.