Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Shares Acquired by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. increased its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 452,437 shares of the company’s stock after buying an additional 7,307 shares during the period. Vanguard FTSE Developed Markets ETF comprises about 5.0% of Sovereign Financial Group Inc.’s investment portfolio, making the stock its 3rd largest position. Sovereign Financial Group Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $21,636,000 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 VEA. Fiduciary Financial Group LLC grew its position in shares of Vanguard FTSE Developed Markets ETF by 83.0% in the 4th quarter. Fiduciary Financial Group LLC now owns 15,433 shares of the company’s stock worth $734,000 after acquiring an additional 6,999 shares in the last quarter. Mayfair Advisory Group LLC lifted its stake in Vanguard FTSE Developed Markets ETF by 64.8% during the fourth quarter. Mayfair Advisory Group LLC now owns 13,284 shares of the company’s stock worth $635,000 after purchasing an additional 5,222 shares during the last quarter. Integrated Capital Management Inc. lifted its stake in Vanguard FTSE Developed Markets ETF by 1.3% during the fourth quarter. Integrated Capital Management Inc. now owns 23,882 shares of the company’s stock worth $1,142,000 after purchasing an additional 300 shares during the last quarter. McNaughton Wealth Management LLC boosted its holdings in Vanguard FTSE Developed Markets ETF by 0.4% in the fourth quarter. McNaughton Wealth Management LLC now owns 128,443 shares of the company’s stock worth $6,142,000 after purchasing an additional 531 shares during the period. Finally, Wallace Advisory Group LLC bought a new stake in Vanguard FTSE Developed Markets ETF during the fourth quarter valued at $207,000.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of NYSEARCA:VEA opened at $47.58 on Wednesday. The company’s fifty day moving average is $49.15 and its two-hundred day moving average is $50.34. Vanguard FTSE Developed Markets ETF has a 1-year low of $45.91 and a 1-year high of $53.40. The stock has a market capitalization of $124.66 billion, a price-to-earnings ratio of 13.32 and a beta of 0.88.

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.