Paulson Wealth Management Inc. Decreases Position in Vanguard FTSE Developed Markets ETF $VEA

Paulson Wealth Management Inc. reduced its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 0.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 161,915 shares of the company’s stock after selling 873 shares during the quarter. Vanguard FTSE Developed Markets ETF makes up approximately 2.4% of Paulson Wealth Management Inc.’s holdings, making the stock its 11th largest holding. Paulson Wealth Management Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $9,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Financial Network Wealth Advisors LLC acquired a new stake in Vanguard FTSE Developed Markets ETF during the 1st quarter worth about $26,000. Financial Gravity Asset Management Inc. acquired a new position in Vanguard FTSE Developed Markets ETF during the first quarter valued at $28,000. Nemes Rush Group LLC boosted its holdings in Vanguard FTSE Developed Markets ETF by 236.5% in the first quarter. Nemes Rush Group LLC now owns 572 shares of the company’s stock valued at $29,000 after purchasing an additional 402 shares during the last quarter. IFS Advisors LLC purchased a new stake in Vanguard FTSE Developed Markets ETF in the second quarter valued at $35,000. Finally, Armstrong Advisory Group Inc. grew its position in Vanguard FTSE Developed Markets ETF by 210.1% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 831 shares of the company’s stock worth $47,000 after purchasing an additional 563 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Down 0.5%

Shares of VEA stock opened at $60.42 on Friday. Vanguard FTSE Developed Markets ETF has a 52-week low of $45.14 and a 52-week high of $61.80. The stock has a market cap of $180.03 billion, a PE ratio of 16.34 and a beta of 0.87. The business has a 50-day simple moving average of $60.15 and a 200-day simple moving average of $57.49.

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.