Truepoint Inc. Raises Holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Truepoint Inc. increased its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 5.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,468,003 shares of the company’s stock after purchasing an additional 289,008 shares during the period. Vanguard FTSE Developed Markets ETF accounts for approximately 7.0% of Truepoint Inc.’s holdings, making the stock its 5th largest position. Truepoint Inc. owned about 0.21% of Vanguard FTSE Developed Markets ETF worth $261,480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WealthNavi Inc. boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 7.2% during the 4th quarter. WealthNavi Inc. now owns 49,426,996 shares of the company’s stock worth $2,363,599,000 after acquiring an additional 3,331,395 shares during the period. Brooklyn FI LLC lifted its holdings in Vanguard FTSE Developed Markets ETF by 6,702.3% during the 4th quarter. Brooklyn FI LLC now owns 35,997,541 shares of the company’s stock valued at $1,806,348,000 after purchasing an additional 35,468,345 shares during the last quarter. US Bancorp DE boosted its position in Vanguard FTSE Developed Markets ETF by 56.6% during the fourth quarter. US Bancorp DE now owns 23,812,753 shares of the company’s stock worth $1,138,726,000 after purchasing an additional 8,608,172 shares during the period. LPL Financial LLC increased its holdings in shares of Vanguard FTSE Developed Markets ETF by 4.5% in the third quarter. LPL Financial LLC now owns 22,283,298 shares of the company’s stock valued at $1,176,781,000 after purchasing an additional 954,457 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Vanguard FTSE Developed Markets ETF by 6.1% in the fourth quarter. Bank of New York Mellon Corp now owns 16,564,449 shares of the company’s stock valued at $792,112,000 after purchasing an additional 957,258 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Performance

NYSEARCA VEA opened at $52.58 on Friday. The firm has a 50-day moving average of $50.66 and a 200-day moving average of $50.49. The stock has a market cap of $147.75 billion, a PE ratio of 16.97 and a beta of 0.92. Vanguard FTSE Developed Markets ETF has a 52-week low of $46.80 and a 52-week high of $53.40.

Vanguard FTSE Developed Markets ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.2422 per share. The ex-dividend date is Friday, March 21st.

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.