Riverchase Wealth Management LLC Acquires New Stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Riverchase Wealth Management LLC bought a new position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,622 shares of the company’s stock, valued at approximately $2,086,000. Vanguard FTSE Developed Markets ETF accounts for about 1.6% of Riverchase Wealth Management LLC’s investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sellwood Investment Partners LLC acquired a new stake in Vanguard FTSE Developed Markets ETF during the fourth quarter valued at approximately $26,000. Kozak & Associates Inc. increased its holdings in shares of Vanguard FTSE Developed Markets ETF by 268.0% in the fourth quarter. Kozak & Associates Inc. now owns 563 shares of the company’s stock valued at $27,000 after buying an additional 410 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Vanguard FTSE Developed Markets ETF during the 4th quarter valued at $29,000. Keystone Financial Group Inc. bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the 4th quarter worth $32,000. Finally, Crews Bank & Trust acquired a new position in shares of Vanguard FTSE Developed Markets ETF in the 4th quarter worth $37,000.

Vanguard FTSE Developed Markets ETF Stock Up 0.1 %

Shares of NYSEARCA VEA opened at $51.83 on Friday. Vanguard FTSE Developed Markets ETF has a 12 month low of $46.80 and a 12 month high of $53.40. The company has a market cap of $145.64 billion, a price-to-earnings ratio of 16.97 and a beta of 0.92. The business has a fifty day simple moving average of $51.09 and a 200-day simple moving average of $50.51.

Vanguard FTSE Developed Markets ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 21st were paid a dividend of $0.2422 per share. The ex-dividend date of this dividend was 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.