MAI Capital Management Acquires 224,372 Shares of Vanguard FTSE Developed Markets ETF $VEA

MAI Capital Management increased its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 5.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,256,419 shares of the company’s stock after buying an additional 224,372 shares during the quarter. Vanguard FTSE Developed Markets ETF accounts for about 1.6% of MAI Capital Management’s investment portfolio, making the stock its 7th largest holding. MAI Capital Management’s holdings in Vanguard FTSE Developed Markets ETF were worth $255,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GGM Financials LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF in the third quarter valued at approximately $27,000. Cloud Capital Management LLC acquired a new position in Vanguard FTSE Developed Markets ETF in the third quarter valued at approximately $37,000. Elevation Point Wealth Partners LLC bought a new position in Vanguard FTSE Developed Markets ETF during the second quarter worth $48,000. Kilter Group LLC acquired a new stake in Vanguard FTSE Developed Markets ETF in the second quarter worth $49,000. Finally, Strengthening Families & Communities LLC bought a new stake in Vanguard FTSE Developed Markets ETF in the third quarter valued at $55,000.

Vanguard FTSE Developed Markets ETF Stock Up 0.4%

NYSEARCA VEA opened at $69.46 on Wednesday. Vanguard FTSE Developed Markets ETF has a 52 week low of $45.14 and a 52 week high of $69.65. The company has a market cap of $215.16 billion, a price-to-earnings ratio of 16.34 and a beta of 0.87. The business has a 50 day moving average price of $65.52 and a 200-day moving average price of $62.14.

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.