First Bancorp Inc ME Makes New Investment in Vanguard FTSE Developed Markets ETF $VEA

First Bancorp Inc ME bought a new position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 174,873 shares of the company’s stock, valued at approximately $12,460,000. Vanguard FTSE Developed Markets ETF accounts for approximately 4.9% of First Bancorp Inc ME’s investment portfolio, making the stock its 5th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of VEA. First Community Trust NA bought a new position in Vanguard FTSE Developed Markets ETF in the second quarter worth $37,000. Strategic Wealth Advisors LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the 4th quarter valued at $35,000. Scarborough Advisors LLC purchased a new stake in shares of Vanguard FTSE Developed Markets ETF in the 1st quarter worth about $40,000. Strategic Advocates LLC grew its position in shares of Vanguard FTSE Developed Markets ETF by 66.1% in the 4th quarter. Strategic Advocates LLC now owns 623 shares of the company’s stock worth $39,000 after buying an additional 248 shares during the period. Finally, Tidemark LLC increased its stake in shares of Vanguard FTSE Developed Markets ETF by 80.9% in the 4th quarter. Tidemark LLC now owns 624 shares of the company’s stock worth $39,000 after acquiring an additional 279 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of NYSEARCA VEA opened at $73.79 on Wednesday. Vanguard FTSE Developed Markets ETF has a 1 year low of $57.81 and a 1 year high of $74.04. The firm has a 50-day moving average of $71.38 and a 200 day moving average of $69.28. The stock has a market cap of $239.07 billion, a P/E 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.