Summitas Investment Management LLC Purchases Shares of 109,113 Vanguard FTSE Developed Markets ETF $VEA

Summitas Investment Management LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 109,113 shares of the company’s stock, valued at approximately $6,992,000. Vanguard FTSE Developed Markets ETF accounts for approximately 5.5% of Summitas Investment Management LLC’s portfolio, making the stock its 5th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in VEA. Cherry Creek Investment Advisors Inc. lifted its holdings in Vanguard FTSE Developed Markets ETF by 1.6% during the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 9,836 shares of the company’s stock worth $630,000 after purchasing an additional 151 shares during the last quarter. Mascagni Wealth Management Inc. grew its holdings in Vanguard FTSE Developed Markets ETF by 2.1% in the 4th quarter. Mascagni Wealth Management Inc. now owns 7,231 shares of the company’s stock valued at $452,000 after buying an additional 152 shares in the last quarter. Ironwood Investment Counsel LLC grew its holdings in Vanguard FTSE Developed Markets ETF by 0.4% in the 1st quarter. Ironwood Investment Counsel LLC now owns 39,675 shares of the company’s stock valued at $2,542,000 after buying an additional 153 shares in the last quarter. TL Private Wealth increased its position in Vanguard FTSE Developed Markets ETF by 1.7% during the 4th quarter. TL Private Wealth now owns 9,396 shares of the company’s stock worth $606,000 after buying an additional 155 shares during the period. Finally, River Wealth Advisors LLC increased its position in Vanguard FTSE Developed Markets ETF by 1.3% during the 4th quarter. River Wealth Advisors LLC now owns 12,143 shares of the company’s stock worth $759,000 after buying an additional 161 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Performance

VEA opened at $70.47 on Wednesday. The stock has a fifty day moving average of $70.82 and a 200-day moving average of $68.09. The company has a market capitalization of $228.32 billion, a P/E ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $55.68 and a fifty-two week high of $73.23.

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.