Mascoma Wealth Management LLC Trims Holdings in Vanguard FTSE Developed Markets ETF $VEA

Mascoma Wealth Management LLC cut its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 0.5% in the second quarter, HoldingsChannel reports. The firm owned 522,972 shares of the company’s stock after selling 2,743 shares during the quarter. Vanguard FTSE Developed Markets ETF accounts for 6.9% of Mascoma Wealth Management LLC’s portfolio, making the stock its 4th largest position. Mascoma Wealth Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $29,815,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TFO Wealth Partners LLC purchased a new position in Vanguard FTSE Developed Markets ETF during the first quarter worth $222,710,000. Arkadios Wealth Advisors boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 289.9% during the first quarter. Arkadios Wealth Advisors now owns 93,032 shares of the company’s stock valued at $4,729,000 after purchasing an additional 69,173 shares during the period. Fiduciary Alliance LLC boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 3.5% during the second quarter. Fiduciary Alliance LLC now owns 8,732 shares of the company’s stock valued at $498,000 after purchasing an additional 292 shares during the period. Twelve Points Wealth Management LLC lifted its stake in Vanguard FTSE Developed Markets ETF by 2.7% in the second quarter. Twelve Points Wealth Management LLC now owns 19,660 shares of the company’s stock worth $1,121,000 after acquiring an additional 508 shares during the period. Finally, Financial Synergies Wealth Advisors Inc. lifted its stake in Vanguard FTSE Developed Markets ETF by 3.2% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 900,352 shares of the company’s stock worth $45,765,000 after acquiring an additional 27,816 shares during the period.

Vanguard FTSE Developed Markets ETF Price Performance

NYSEARCA:VEA opened at $61.06 on Friday. The firm has a market cap of $179.48 billion, a PE ratio of 16.34 and a beta of 0.89. The company has a 50-day moving average of $58.84 and a 200 day moving average of $55.69. Vanguard FTSE Developed Markets ETF has a 1-year low of $45.14 and a 1-year high of $61.15.

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.