Valmark Advisers Inc. boosted its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA – Free Report) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,151,204 shares of the company’s stock after purchasing an additional 220,266 shares during the period. Vanguard FTSE Developed Markets ETF makes up approximately 9.3% of Valmark Advisers Inc.’s holdings, making the stock its largest position. Valmark Advisers Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $778,649,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 2.1% in the 4th quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock worth $12,853,704,000 after buying an additional 4,289,361 shares during the last quarter. Betterment LLC increased its position in Vanguard FTSE Developed Markets ETF by 0.8% during the fourth quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock valued at $8,657,615,000 after acquiring an additional 1,140,627 shares during the last quarter. Morgan Stanley increased its position in Vanguard FTSE Developed Markets ETF by 44.0% during the fourth quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock valued at $5,652,975,000 after acquiring an additional 27,650,637 shares during the last quarter. Auto Owners Insurance Co lifted its holdings in Vanguard FTSE Developed Markets ETF by 6,941.5% in the fourth quarter. Auto Owners Insurance Co now owns 73,636,513 shares of the company’s stock valued at $4,600,073,000 after acquiring an additional 72,590,763 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Vanguard FTSE Developed Markets ETF by 1.3% in the fourth quarter. Wells Fargo & Company MN now owns 64,314,341 shares of the company’s stock worth $4,017,717,000 after purchasing an additional 848,196 shares during the last quarter.
Vanguard FTSE Developed Markets ETF Price Performance
Shares of VEA traded up $0.26 on Friday, reaching $70.99. The company’s stock had a trading volume of 12,686,380 shares, compared to its average volume of 16,395,793. The stock’s 50 day simple moving average is $70.80 and its two-hundred day simple moving average is $67.69. The stock has a market capitalization of $230.00 billion, a P/E ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 12-month low of $55.68 and a 12-month high of $73.23.
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.
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