Summit Financial LLC Has $24.51 Million Position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Summit Financial LLC raised its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 512,606 shares of the company’s stock after acquiring an additional 26,429 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises approximately 0.9% of Summit Financial LLC’s holdings, making the stock its 17th largest position. Summit Financial LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $24,513,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. WealthNavi Inc. raised its stake in shares of Vanguard FTSE Developed Markets ETF by 7.2% in the 4th quarter. WealthNavi Inc. now owns 49,426,996 shares of the company’s stock valued at $2,363,599,000 after acquiring an additional 3,331,395 shares in the last quarter. Brooklyn FI LLC raised its position in shares of Vanguard FTSE Developed Markets ETF by 6,702.3% in the fourth 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 period. Sei Investments Co. lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 3.5% in the fourth quarter. Sei Investments Co. now owns 27,738,297 shares of the company’s stock worth $1,326,446,000 after buying an additional 931,799 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 21.3% during the 4th quarter. LPL Financial LLC now owns 27,040,599 shares of the company’s stock worth $1,293,081,000 after buying an additional 4,757,301 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 56.6% during the 4th quarter. US Bancorp DE now owns 23,812,753 shares of the company’s stock worth $1,138,726,000 after buying an additional 8,608,172 shares during the period.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of VEA opened at $51.24 on Monday. The company has a market capitalization of $143.98 billion, a PE ratio of 16.97 and a beta of 0.92. Vanguard FTSE Developed Markets ETF has a one year low of $46.80 and a one year high of $53.40. The company’s fifty day moving average price is $51.14 and its 200 day moving average price is $50.51.

Vanguard FTSE Developed Markets ETF Cuts Dividend

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

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.