Vanguard FTSE Developed Markets ETF $VEA is Motive Wealth Advisors’ Largest Position

Motive Wealth Advisors raised its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 19.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 410,656 shares of the company’s stock after purchasing an additional 65,479 shares during the period. Vanguard FTSE Developed Markets ETF accounts for 10.7% of Motive Wealth Advisors’ holdings, making the stock its biggest position. Motive Wealth Advisors’ holdings in Vanguard FTSE Developed Markets ETF were worth $23,411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arbor Wealth Advisors LLC increased its stake in Vanguard FTSE Developed Markets ETF by 0.4% in the 1st quarter. Arbor Wealth Advisors LLC now owns 47,883 shares of the company’s stock valued at $2,434,000 after buying an additional 200 shares during the last quarter. Nova R Wealth Inc. lifted its stake in Vanguard FTSE Developed Markets ETF by 0.4% in the first quarter. Nova R Wealth Inc. now owns 48,596 shares of the company’s stock valued at $2,470,000 after purchasing an additional 201 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in Vanguard FTSE Developed Markets ETF by 0.4% during the first quarter. Elevation Wealth Partners LLC now owns 56,322 shares of the company’s stock valued at $2,863,000 after purchasing an additional 206 shares during the period. Key Client Fiduciary Advisors LLC grew its holdings in Vanguard FTSE Developed Markets ETF by 2.6% during the first quarter. Key Client Fiduciary Advisors LLC now owns 8,166 shares of the company’s stock valued at $415,000 after purchasing an additional 210 shares during the period. Finally, Integrated Capital Management Inc. grew its holdings in Vanguard FTSE Developed Markets ETF by 0.9% during the first quarter. Integrated Capital Management Inc. now owns 24,093 shares of the company’s stock valued at $1,225,000 after purchasing an additional 211 shares during the period.

Vanguard FTSE Developed Markets ETF Trading Down 0.7%

Shares of NYSEARCA VEA opened at $59.46 on Thursday. The stock has a fifty day simple moving average of $58.49 and a two-hundred day simple moving average of $55.28. Vanguard FTSE Developed Markets ETF has a 1-year low of $45.14 and a 1-year high of $60.51. The firm has a market cap of $170.83 billion, a price-to-earnings ratio of 16.34 and a beta of 0.89.

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.