Morling Financial Advisors LLC Trims Holdings in Vanguard FTSE Developed Markets ETF $VEA

Morling Financial Advisors LLC lowered its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 1.5% in the second quarter, Holdings Channel reports. The institutional investor owned 58,519 shares of the company’s stock after selling 881 shares during the quarter. Vanguard FTSE Developed Markets ETF accounts for approximately 1.1% of Morling Financial Advisors LLC’s portfolio, making the stock its 17th biggest position. Morling Financial Advisors LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $3,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. TFO Wealth Partners LLC bought a new position in Vanguard FTSE Developed Markets ETF in the first quarter worth about $222,710,000. Arkadios Wealth Advisors raised its position in shares of Vanguard FTSE Developed Markets ETF by 289.9% during the 1st quarter. Arkadios Wealth Advisors now owns 93,032 shares of the company’s stock worth $4,729,000 after purchasing an additional 69,173 shares during the period. Fiduciary Alliance LLC lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 3.5% in the 2nd quarter. Fiduciary Alliance LLC now owns 8,732 shares of the company’s stock worth $498,000 after purchasing an additional 292 shares during the last quarter. Twelve Points Wealth Management LLC lifted its stake in Vanguard FTSE Developed Markets ETF by 2.7% in the second quarter. Twelve Points Wealth Management LLC now owns 19,660 shares of the company’s stock valued at $1,121,000 after buying an additional 508 shares during the last quarter. Finally, Wiser Wealth Management Inc boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 4.6% during the second quarter. Wiser Wealth Management Inc now owns 585,007 shares of the company’s stock valued at $33,351,000 after acquiring an additional 25,814 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Down 1.0%

VEA stock opened at $59.91 on Wednesday. The stock has a market cap of $178.51 billion, a PE ratio of 16.34 and a beta of 0.87. The firm’s 50-day simple moving average is $60.52 and its 200 day simple moving average is $58.06. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $45.14 and a fifty-two week high of $62.20.

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.