Valeo Financial Advisors LLC Raises Stake in Vanguard FTSE Developed Markets ETF $VEA

Valeo Financial Advisors LLC grew its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 598,587 shares of the company’s stock after purchasing an additional 20,145 shares during the period. Vanguard FTSE Developed Markets ETF comprises about 1.0% of Valeo Financial Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Valeo Financial Advisors LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $42,266,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of VEA. Green Ridge Wealth Planning LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF during the fourth quarter valued at about $15,031,000. Pathway Financial Advisors LLC grew its holdings in Vanguard FTSE Developed Markets ETF by 44.9% during the 3rd quarter. Pathway Financial Advisors LLC now owns 70,764 shares of the company’s stock valued at $4,997,000 after buying an additional 21,916 shares in the last quarter. Verus Advisory Inc. bought a new stake in Vanguard FTSE Developed Markets ETF in the 4th quarter worth approximately $9,561,000. Moody National Bank Trust Division increased its stake in Vanguard FTSE Developed Markets ETF by 7.9% in the 3rd quarter. Moody National Bank Trust Division now owns 1,176,580 shares of the company’s stock worth $83,078,000 after acquiring an additional 86,572 shares during the last quarter. Finally, Bayban purchased a new stake in shares of Vanguard FTSE Developed Markets ETF during the 4th quarter worth approximately $3,050,000.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of NYSEARCA VEA traded down $0.48 during midday trading on Thursday, reaching $69.78. 5,515,978 shares of the stock traded hands, compared to its average volume of 14,145,646. The company’s 50 day moving average is $72.27 and its 200 day moving average is $70.30. Vanguard FTSE Developed Markets ETF has a one year low of $58.88 and a one year high of $74.04. The stock has a market capitalization of $228.81 billion, a PE ratio of 16.34 and a beta of 0.84.

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.