Bank of Nova Scotia Takes $73.81 Million Position in Vanguard FTSE Developed Markets ETF $VEA

Bank of Nova Scotia bought a new stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the second quarter, Holdings Channel.com reports. The institutional investor bought 1,294,700 shares of the company’s stock, valued at approximately $73,811,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the first quarter valued at approximately $26,000. IFS Advisors LLC acquired a new stake in Vanguard FTSE Developed Markets ETF in the 2nd quarter valued at $35,000. Armstrong Advisory Group Inc. increased its stake in Vanguard FTSE Developed Markets ETF by 210.1% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 831 shares of the company’s stock valued at $47,000 after purchasing an additional 563 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Vanguard FTSE Developed Markets ETF during the 2nd quarter valued at $48,000. Finally, Brooklyn Investment Group raised its holdings in Vanguard FTSE Developed Markets ETF by 185.1% during the first quarter. Brooklyn Investment Group now owns 958 shares of the company’s stock worth $49,000 after buying an additional 622 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Trading Up 0.1%

Vanguard FTSE Developed Markets ETF stock opened at $62.04 on Monday. The firm has a market capitalization of $184.85 billion, a price-to-earnings ratio of 16.34 and a beta of 0.87. The firm’s fifty day moving average price is $60.80 and its two-hundred day moving average price is $58.68. Vanguard FTSE Developed Markets ETF has a 1-year low of $45.14 and a 1-year high of $62.32.

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.