Vanguard FTSE Developed Markets ETF $VEA is Founders Financial Securities LLC’s 5th Largest Position

Founders Financial Securities LLC lifted its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 7.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 533,390 shares of the company’s stock after acquiring an additional 38,374 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises about 2.2% of Founders Financial Securities LLC’s portfolio, making the stock its 5th biggest holding. Founders Financial Securities LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $31,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. IFS Advisors LLC purchased a new position in Vanguard FTSE Developed Markets ETF in the second quarter valued at $35,000. Armstrong Advisory Group Inc. grew its position in shares of 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 acquiring an additional 563 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Vanguard FTSE Developed Markets ETF during the 2nd quarter valued at about $48,000. Kilter Group LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the 2nd quarter valued at about $49,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in Vanguard FTSE Developed Markets ETF in the 2nd quarter worth about $52,000.

Vanguard FTSE Developed Markets ETF Trading Up 0.7%

Shares of VEA stock opened at $62.54 on Wednesday. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.14 and a 12-month high of $63.08. The business’s 50 day moving average is $61.29 and its two-hundred day moving average is $59.25. The company has a market capitalization of $186.34 billion, a P/E ratio of 16.34 and a beta of 0.87.

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.