Firestone Capital Management Lowers Stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Firestone Capital Management decreased its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 2.5% in the 1st quarter, HoldingsChannel reports. The firm owned 47,122 shares of the company’s stock after selling 1,200 shares during the quarter. Firestone Capital Management’s holdings in Vanguard FTSE Developed Markets ETF were worth $2,395,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kessler Investment Group LLC purchased a new position in Vanguard FTSE Developed Markets ETF in the first quarter valued at $26,000. von Borstel & Associates Inc. acquired a new stake in shares of Vanguard FTSE Developed Markets ETF in the first quarter valued at approximately $26,000. Sellwood Investment Partners LLC purchased a new position in Vanguard FTSE Developed Markets ETF during the 4th quarter worth $26,000. Financial Gravity Asset Management Inc. purchased a new stake in Vanguard FTSE Developed Markets ETF during the 1st quarter valued at approximately $28,000. Finally, Chapman Financial Group LLC purchased a new position in Vanguard FTSE Developed Markets ETF in the 4th quarter valued at $29,000.

Vanguard FTSE Developed Markets ETF Trading Down 0.8%

Shares of VEA stock opened at $56.87 on Monday. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.14 and a 12-month high of $57.39. The stock has a 50 day simple moving average of $55.67 and a 200-day simple moving average of $52.22. The company has a market cap of $164.05 billion, a price-to-earnings ratio of 16.34 and a beta of 0.89.

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.