Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Stake Reduced by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC cut its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 0.7% in the fourth quarter, Holdings Channel reports. The fund owned 1,777,646 shares of the company’s stock after selling 11,796 shares during the quarter. Vanguard FTSE Developed Markets ETF accounts for approximately 7.4% of Litman Gregory Wealth Management LLC’s portfolio, making the stock its 3rd largest position. Litman Gregory Wealth Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $85,007,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Kozak & Associates Inc. raised its holdings in Vanguard FTSE Developed Markets ETF by 268.0% in the fourth quarter. Kozak & Associates Inc. now owns 563 shares of the company’s stock worth $27,000 after purchasing an additional 410 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Vanguard FTSE Developed Markets ETF during the 4th quarter worth approximately $29,000. Lummis Asset Management LP purchased a new stake in Vanguard FTSE Developed Markets ETF during the third quarter valued at approximately $34,000. Crews Bank & Trust acquired a new stake in Vanguard FTSE Developed Markets ETF in the fourth quarter valued at approximately $37,000. Finally, Atwood & Palmer Inc. purchased a new position in Vanguard FTSE Developed Markets ETF during the 4th quarter worth $42,000.

Vanguard FTSE Developed Markets ETF Stock Down 1.0 %

VEA stock opened at $49.94 on Friday. The firm has a 50 day moving average of $49.10 and a 200 day moving average of $50.25. The stock has a market capitalization of $130.84 billion, a PE ratio of 13.32 and a beta of 0.88. Vanguard FTSE Developed Markets ETF has a 52 week low of $46.72 and a 52 week high of $53.40.

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.