The Manufacturers Life Insurance Company Sells 2,126,538 Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

The Manufacturers Life Insurance Company reduced its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 36.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,729,335 shares of the company’s stock after selling 2,126,538 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.14% of Vanguard FTSE Developed Markets ETF worth $196,946,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Transcendent Capital Group LLC lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 101.2% in the second quarter. Transcendent Capital Group LLC now owns 509 shares of the company’s stock valued at $25,000 after buying an additional 256 shares in the last quarter. Triad Wealth Partners LLC bought a new position in shares of Vanguard FTSE Developed Markets ETF in the second quarter valued at approximately $31,000. Spectrum Wealth Counsel LLC purchased a new stake in shares of Vanguard FTSE Developed Markets ETF during the second quarter valued at approximately $33,000. Lummis Asset Management LP bought a new stake in Vanguard FTSE Developed Markets ETF during the third quarter worth $34,000. Finally, Abich Financial Wealth Management LLC boosted its position in Vanguard FTSE Developed Markets ETF by 2,458.6% in the second quarter. Abich Financial Wealth Management LLC now owns 742 shares of the company’s stock worth $37,000 after purchasing an additional 713 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

VEA opened at $49.44 on Wednesday. The firm has a market cap of $129.53 billion, a P/E ratio of 13.32 and a beta of 0.88. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $45.65 and a fifty-two week high of $53.40. The firm has a 50-day moving average of $51.00 and a 200 day moving average of $50.68.

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.