Lane Brothers & Co. Inc. Makes New Investment in Vanguard FTSE Developed Markets ETF $VEA

Lane Brothers & Co. Inc. purchased a new stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 114,108 shares of the company’s stock, valued at approximately $7,128,000. Vanguard FTSE Developed Markets ETF accounts for 5.2% of Lane Brothers & Co. Inc.’s holdings, making the stock its 5th largest position.

Several other large investors have also recently modified their holdings of VEA. Bank of America Corp DE boosted its holdings in Vanguard FTSE Developed Markets ETF by 2.1% during the 4th quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock valued at $12,853,704,000 after acquiring an additional 4,289,361 shares during the period. Betterment LLC lifted its position in Vanguard FTSE Developed Markets ETF by 0.8% in the fourth quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock valued at $8,657,615,000 after purchasing an additional 1,140,627 shares during the last quarter. Morgan Stanley boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 44.0% during the fourth quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock valued at $5,652,975,000 after purchasing an additional 27,650,637 shares during the period. Auto Owners Insurance Co boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 6,941.5% during the fourth quarter. Auto Owners Insurance Co now owns 73,636,513 shares of the company’s stock valued at $4,600,073,000 after purchasing an additional 72,590,763 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.3% in the fourth quarter. Wells Fargo & Company MN now owns 64,314,341 shares of the company’s stock worth $4,017,717,000 after purchasing an additional 848,196 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of NYSEARCA VEA opened at $72.31 on Friday. The firm’s fifty day moving average is $70.01 and its 200 day moving average is $66.77. Vanguard FTSE Developed Markets ETF has a 52 week low of $54.63 and a 52 week high of $73.23. The company has a market cap of $231.92 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83.

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.