Ferguson Wellman Capital Management Inc. Acquires New Holdings in Vanguard FTSE Developed Markets ETF $VEA

Ferguson Wellman Capital Management Inc. bought a new stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 206,062 shares of the company’s stock, valued at approximately $13,204,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 2.1% during the 4th quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock valued at $12,853,704,000 after acquiring an additional 4,289,361 shares in the last quarter. Betterment LLC increased its holdings in Vanguard FTSE Developed Markets ETF by 0.8% in the 4th quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock worth $8,657,615,000 after purchasing an additional 1,140,627 shares in the last quarter. Morgan Stanley increased its holdings in Vanguard FTSE Developed Markets ETF by 44.0% in the 4th quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock worth $5,652,975,000 after purchasing an additional 27,650,637 shares in the last quarter. Auto Owners Insurance Co raised its position in Vanguard FTSE Developed Markets ETF by 6,941.5% in the fourth quarter. Auto Owners Insurance Co now owns 73,636,513 shares of the company’s stock valued at $4,600,073,000 after purchasing an additional 72,590,763 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Vanguard FTSE Developed Markets ETF by 1.3% in the fourth quarter. Wells Fargo & Company MN now owns 64,314,341 shares of the company’s stock valued at $4,017,717,000 after purchasing an additional 848,196 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Up 0.4%

Shares of VEA stock traded up $0.26 during mid-day trading on Friday, reaching $70.99. 12,686,380 shares of the stock traded hands, compared to its average volume of 16,395,793. The company has a market cap of $230.00 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. The stock’s fifty day simple moving average is $70.80 and its two-hundred day simple moving average is $67.69. Vanguard FTSE Developed Markets ETF has a 1-year low of $55.68 and a 1-year high of $73.23.

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.