Financial Management Network Inc. Reduces Position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Financial Management Network Inc. cut its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 45.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,869 shares of the company’s stock after selling 5,821 shares during the quarter. Financial Management Network Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $330,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in VEA. WealthNavi Inc. lifted its position in Vanguard FTSE Developed Markets ETF by 5.6% during the third quarter. WealthNavi Inc. now owns 46,095,601 shares of the company’s stock valued at $2,434,309,000 after purchasing an additional 2,436,012 shares during the period. LPL Financial LLC lifted its position in Vanguard FTSE Developed Markets ETF by 4.5% during the third quarter. LPL Financial LLC now owns 22,283,298 shares of the company’s stock valued at $1,176,781,000 after purchasing an additional 954,457 shares during the period. Captrust Financial Advisors lifted its position in Vanguard FTSE Developed Markets ETF by 7.2% during the third quarter. Captrust Financial Advisors now owns 16,431,983 shares of the company’s stock valued at $867,773,000 after purchasing an additional 1,103,351 shares during the period. Cerity Partners LLC lifted its position in Vanguard FTSE Developed Markets ETF by 12.4% during the third quarter. Cerity Partners LLC now owns 15,432,650 shares of the company’s stock valued at $814,998,000 after purchasing an additional 1,700,587 shares during the period. Finally, Valmark Advisers Inc. lifted its position in Vanguard FTSE Developed Markets ETF by 6.0% during the fourth quarter. Valmark Advisers Inc. now owns 11,643,989 shares of the company’s stock valued at $556,816,000 after purchasing an additional 659,713 shares during the period.

Vanguard FTSE Developed Markets ETF Price Performance

NYSEARCA VEA opened at $51.86 on Wednesday. The company has a market capitalization of $135.87 billion, a PE ratio of 13.32 and a beta of 0.88. The company has a fifty day moving average of $49.22 and a 200 day moving average of $50.29. Vanguard FTSE Developed Markets ETF has a 1 year low of $46.79 and a 1 year high of $53.40.

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.