Armbruster Capital Management Inc. Cuts Stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Armbruster Capital Management Inc. cut its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 1.3% in the first quarter, HoldingsChannel reports. The firm owned 58,030 shares of the company’s stock after selling 766 shares during the quarter. Armbruster Capital Management Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $2,950,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VEA. Ironwood Wealth Management LLC. grew its holdings in shares of Vanguard FTSE Developed Markets ETF by 6.3% in the fourth quarter. Ironwood Wealth Management LLC. now owns 85,211 shares of the company’s stock valued at $4,075,000 after purchasing an additional 5,072 shares in the last quarter. Brighton Jones LLC lifted its position in Vanguard FTSE Developed Markets ETF by 79.2% in the fourth quarter. Brighton Jones LLC now owns 243,622 shares of the company’s stock worth $11,650,000 after buying an additional 107,649 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Vanguard FTSE Developed Markets ETF by 47.3% in the fourth quarter. Revolve Wealth Partners LLC now owns 123,485 shares of the company’s stock worth $5,905,000 after buying an additional 39,653 shares during the last quarter. Stanley Laman Group Ltd. lifted its position in Vanguard FTSE Developed Markets ETF by 15.1% in the fourth quarter. Stanley Laman Group Ltd. now owns 9,658 shares of the company’s stock worth $462,000 after buying an additional 1,267 shares during the last quarter. Finally, Life Planning Partners Inc lifted its position in Vanguard FTSE Developed Markets ETF by 4,722.9% in the fourth quarter. Life Planning Partners Inc now owns 4,370,665 shares of the company’s stock worth $209,005,000 after buying an additional 4,280,041 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Down 1.2%

Shares of VEA opened at $56.17 on Friday. The company has a market cap of $160.08 billion, a PE ratio of 16.52 and a beta of 0.87. The business has a fifty day moving average of $53.40 and a 200 day moving average of $51.22. Vanguard FTSE Developed Markets ETF has a 52-week low of $45.14 and a 52-week high of $56.90.

About Vanguard FTSE Developed Markets ETF

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.