Financial Management Network Inc. Lowers Stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Financial Management Network Inc. reduced its position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 45.9% during the 4th quarter, HoldingsChannel reports. The fund owned 6,869 shares of the company’s stock after selling 5,821 shares during the period. Financial Management Network Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $330,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VEA. Strategic Financial Concepts LLC boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 5,780.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 10,808,939 shares of the company’s stock worth $516,883,000 after acquiring an additional 10,625,142 shares in the last quarter. Life Planning Partners Inc boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 4,722.9% during the 4th quarter. Life Planning Partners Inc now owns 4,370,665 shares of the company’s stock worth $209,005,000 after acquiring an additional 4,280,041 shares in the last quarter. WealthNavi Inc. boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 5.6% during the 3rd quarter. WealthNavi Inc. now owns 46,095,601 shares of the company’s stock worth $2,434,309,000 after acquiring an additional 2,436,012 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 5,209.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,895,439 shares of the company’s stock worth $100,098,000 after acquiring an additional 1,859,740 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 12.4% during the 3rd quarter. Cerity Partners LLC now owns 15,432,650 shares of the company’s stock worth $814,998,000 after acquiring an additional 1,700,587 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Up 0.7 %

VEA stock opened at $51.86 on Wednesday. The firm has a market cap of $135.87 billion, a P/E ratio of 13.32 and a beta of 0.88. Vanguard FTSE Developed Markets ETF has a 52-week low of $46.79 and a 52-week high of $53.40. The company’s 50-day simple moving average is $49.22 and its 200-day simple moving average is $50.29.

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.