Abound Financial LLC Invests $15.01 Million in Vanguard FTSE Developed Markets ETF $VEA

Abound Financial LLC bought a new position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 240,303 shares of the company’s stock, valued at approximately $15,012,000. Vanguard FTSE Developed Markets ETF comprises 3.5% of Abound Financial LLC’s portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Mascagni Wealth Management Inc. lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 2.1% in the fourth quarter. Mascagni Wealth Management Inc. now owns 7,231 shares of the company’s stock worth $452,000 after acquiring an additional 152 shares during the last quarter. TL Private Wealth lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.7% in the fourth quarter. TL Private Wealth now owns 9,396 shares of the company’s stock worth $606,000 after acquiring an additional 155 shares during the last quarter. River Wealth Advisors LLC lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.3% in the fourth quarter. River Wealth Advisors LLC now owns 12,143 shares of the company’s stock worth $759,000 after acquiring an additional 161 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 0.5% in the fourth quarter. Belpointe Asset Management LLC now owns 34,529 shares of the company’s stock worth $2,157,000 after acquiring an additional 162 shares during the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 0.6% in the fourth quarter. Spire Wealth Management now owns 27,194 shares of the company’s stock worth $1,699,000 after acquiring an additional 163 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Trading Up 1.2%

VEA stock opened at $72.39 on Tuesday. The stock has a market capitalization of $232.17 billion, a P/E ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 12 month low of $54.63 and a 12 month high of $72.80. The firm has a 50-day moving average price of $69.48 and a 200-day moving average price of $66.50.

About Vanguard FTSE Developed Markets ETF

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.