Northwestern Mutual Wealth Management Co. Purchases 2,675,380 Shares of Vanguard FTSE Developed Markets ETF $VEA

Northwestern Mutual Wealth Management Co. increased its position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,823,471 shares of the company’s stock after acquiring an additional 2,675,380 shares during the period. Vanguard FTSE Developed Markets ETF makes up about 2.5% of Northwestern Mutual Wealth Management Co.’s investment portfolio, making the stock its 8th largest position. Northwestern Mutual Wealth Management Co. owned approximately 2.06% of Vanguard FTSE Developed Markets ETF worth $4,761,172,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VEA. Strategic Wealth Advisors LLC bought a new stake in Vanguard FTSE Developed Markets ETF during the fourth quarter worth approximately $35,000. First Community Trust NA bought a new position in shares of Vanguard FTSE Developed Markets ETF in the second quarter valued at $37,000. Tidemark LLC lifted its position in shares of Vanguard FTSE Developed Markets ETF by 80.9% during the 4th quarter. Tidemark LLC now owns 624 shares of the company’s stock valued at $39,000 after acquiring an additional 279 shares during the last quarter. Strategic Advocates LLC lifted its position in shares of Vanguard FTSE Developed Markets ETF by 66.1% during the 4th quarter. Strategic Advocates LLC now owns 623 shares of the company’s stock valued at $39,000 after acquiring an additional 248 shares during the last quarter. Finally, Cornerstone Financial Management LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the 4th quarter worth $39,000.

Vanguard FTSE Developed Markets ETF Stock Down 0.2%

Shares of NYSEARCA VEA opened at $72.92 on Tuesday. The stock’s fifty day simple moving average is $71.46 and its 200 day simple moving average is $69.44. The stock has a market capitalization of $236.26 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 52-week low of $57.81 and a 52-week high of $74.04.

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.