The Manufacturers Life Insurance Company Buys 2,537,552 Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

The Manufacturers Life Insurance Company raised its position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 68.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,266,887 shares of the company’s stock after purchasing an additional 2,537,552 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vanguard FTSE Developed Markets ETF were worth $299,682,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VEA. Wealthquest Corp acquired a new stake in Vanguard FTSE Developed Markets ETF during the 3rd quarter worth about $1,089,000. Pine Valley Investments Ltd Liability Co grew its stake in Vanguard FTSE Developed Markets ETF by 131.2% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 68,074 shares of the company’s stock worth $3,595,000 after purchasing an additional 38,624 shares during the period. World Investment Advisors LLC increased its holdings in Vanguard FTSE Developed Markets ETF by 20.9% in the third quarter. World Investment Advisors LLC now owns 377,930 shares of the company’s stock worth $19,958,000 after purchasing an additional 65,376 shares in the last quarter. Broadview Financial Management LLC increased its holdings in Vanguard FTSE Developed Markets ETF by 0.5% in the third quarter. Broadview Financial Management LLC now owns 119,289 shares of the company’s stock worth $6,300,000 after purchasing an additional 588 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in Vanguard FTSE Developed Markets ETF by 12.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 4,142,218 shares of the company’s stock valued at $218,751,000 after buying an additional 443,018 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Performance

Vanguard FTSE Developed Markets ETF stock opened at $52.43 on Monday. The stock’s 50 day moving average price is $50.88 and its two-hundred day moving average price is $50.14. The stock has a market capitalization of $148.90 billion, a price-to-earnings ratio of 15.69 and a beta of 0.86. Vanguard FTSE Developed Markets ETF has a 52-week low of $45.14 and a 52-week high of $53.40.

Vanguard FTSE Developed Markets ETF Company 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.