Summit Asset Management LLC Acquires New Holdings in Vanguard FTSE Developed Markets ETF $VEA

Summit Asset Management LLC bought a new position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 46,371 shares of the company’s stock, valued at approximately $2,971,000.

Several other institutional investors and hedge funds have also bought and sold shares of VEA. Bank of America Corp DE grew its position in shares of Vanguard FTSE Developed Markets ETF by 2.1% during the 4th quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock valued at $12,853,704,000 after purchasing an additional 4,289,361 shares in the last quarter. Betterment LLC raised its position in shares of Vanguard FTSE Developed Markets ETF by 0.8% in the fourth quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock worth $8,657,615,000 after buying an additional 1,140,627 shares in the last quarter. Morgan Stanley raised its position in shares of Vanguard FTSE Developed Markets ETF by 44.0% in the fourth quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock worth $5,652,975,000 after buying an additional 27,650,637 shares in the last quarter. Auto Owners Insurance Co boosted its stake 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 valued at $4,600,073,000 after buying an additional 72,590,763 shares during the period. Finally, Wells Fargo & Company MN boosted its stake 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 valued at $4,017,717,000 after buying an additional 848,196 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Down 0.7%

Vanguard FTSE Developed Markets ETF stock opened at $69.23 on Tuesday. The stock has a market cap of $224.30 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. The business has a 50-day simple moving average of $70.81 and a 200 day simple moving average of $68.04. Vanguard FTSE Developed Markets ETF has a 52 week low of $55.68 and a 52 week high of $73.23.

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.