Northwestern Mutual Wealth Management Co. Reduces Position in Vanguard FTSE Developed Markets ETF $VEA

Northwestern Mutual Wealth Management Co. cut its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 99.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,811 shares of the company’s stock after selling 58,087,647 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Vanguard FTSE Developed Markets ETF were worth $2,405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Nova Wealth Management Inc. increased its position in shares of Vanguard FTSE Developed Markets ETF by 151.5% during the fourth quarter. Nova Wealth Management Inc. now owns 420 shares of the company’s stock valued at $26,000 after buying an additional 253 shares during the period. GGM Financials LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the third quarter valued at about $27,000. Ulland Investment Advisors LLC increased its position in shares of Vanguard FTSE Developed Markets ETF by 75.6% during the third quarter. Ulland Investment Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after buying an additional 242 shares during the period. Strategic Wealth Advisors LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the fourth quarter valued at about $35,000. Finally, Cloud Capital Management LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the third quarter valued at about $37,000.

Vanguard FTSE Developed Markets ETF Stock Up 1.9%

Shares of VEA opened at $71.78 on Wednesday. The business’s 50-day moving average price is $67.42 and its 200-day moving average price is $65.46. Vanguard FTSE Developed Markets ETF has a twelve month low of $54.63 and a twelve month high of $71.88. The stock has a market cap of $230.22 billion, a PE ratio of 16.34 and a beta of 0.83.

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.