Seaside Wealth Management Inc. Raises Stake in Vanguard FTSE Developed Markets ETF $VEA

Seaside Wealth Management Inc. lifted its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 857,699 shares of the company’s stock after buying an additional 17,967 shares during the period. Vanguard FTSE Developed Markets ETF comprises 15.6% of Seaside Wealth Management Inc.’s portfolio, making the stock its 2nd largest holding. Seaside Wealth Management Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $48,897,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealthspire Advisors LLC lifted its position in Vanguard FTSE Developed Markets ETF by 110.7% during the first quarter. Wealthspire Advisors LLC now owns 22,514,780 shares of the company’s stock valued at $1,144,426,000 after purchasing an additional 11,830,891 shares during the period. TFO Wealth Partners LLC bought a new position in Vanguard FTSE Developed Markets ETF during the first quarter valued at approximately $222,710,000. Wit LLC lifted its position in Vanguard FTSE Developed Markets ETF by 99,898.4% during the first quarter. Wit LLC now owns 4,020,934 shares of the company’s stock valued at $204,384,000 after purchasing an additional 4,016,913 shares during the period. SCS Capital Management LLC increased its holdings in Vanguard FTSE Developed Markets ETF by 48.0% during the first quarter. SCS Capital Management LLC now owns 10,411,294 shares of the company’s stock valued at $529,206,000 after buying an additional 3,377,989 shares during the last quarter. Finally, RWA Wealth Partners LLC increased its holdings in Vanguard FTSE Developed Markets ETF by 20.6% during the first quarter. RWA Wealth Partners LLC now owns 13,542,589 shares of the company’s stock valued at $688,370,000 after buying an additional 2,313,204 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Trading Down 0.1%

Shares of VEA stock opened at $60.23 on Wednesday. Vanguard FTSE Developed Markets ETF has a 12 month low of $45.14 and a 12 month high of $60.36. The stock has a market cap of $173.04 billion, a P/E ratio of 16.34 and a beta of 0.89. The company has a 50 day simple moving average of $58.13 and a two-hundred day simple moving average of $54.98.

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.