Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Stake Cut by Abound Wealth Management

Abound Wealth Management lessened its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 2.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 487,436 shares of the company’s stock after selling 10,163 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises 8.9% of Abound Wealth Management’s portfolio, making the stock its 4th largest holding. Abound Wealth Management’s holdings in Vanguard FTSE Developed Markets ETF were worth $24,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Transcendent Capital Group LLC lifted its position in Vanguard FTSE Developed Markets ETF by 101.2% during the second quarter. Transcendent Capital Group LLC now owns 509 shares of the company’s stock valued at $25,000 after purchasing an additional 256 shares during the last quarter. Triad Wealth Partners LLC bought a new position in Vanguard FTSE Developed Markets ETF during the 2nd quarter worth approximately $31,000. Spectrum Wealth Counsel LLC purchased a new position in Vanguard FTSE Developed Markets ETF in the 2nd quarter worth approximately $33,000. LRI Investments LLC bought a new stake in Vanguard FTSE Developed Markets ETF in the first quarter valued at approximately $39,000. Finally, First Command Advisory Services Inc. boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 379.3% during the second quarter. First Command Advisory Services Inc. now owns 786 shares of the company’s stock valued at $39,000 after purchasing an additional 622 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Up 0.3 %

Shares of NYSEARCA VEA opened at $51.60 on Monday. The firm’s fifty day moving average is $50.63 and its 200 day moving average is $50.08. Vanguard FTSE Developed Markets ETF has a 52 week low of $41.48 and a 52 week high of $52.54. The company has a market cap of $135.19 billion, a price-to-earnings ratio of 13.32 and a beta of 0.88.

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.