Bank of Nova Scotia Purchases 246,800 Shares of Vanguard FTSE Developed Markets ETF $VEA

Bank of Nova Scotia increased its position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 45.6% in the first quarter, Holdings Channel.com reports. The firm owned 788,500 shares of the company’s stock after purchasing an additional 246,800 shares during the quarter. Bank of Nova Scotia’s holdings in Vanguard FTSE Developed Markets ETF were worth $50,527,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VEA. Brighton Jones LLC lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 79.2% during the 4th quarter. Brighton Jones LLC now owns 243,622 shares of the company’s stock worth $11,650,000 after purchasing an additional 107,649 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Vanguard FTSE Developed Markets ETF by 47.3% during the fourth quarter. Revolve Wealth Partners LLC now owns 123,485 shares of the company’s stock valued at $5,905,000 after acquiring an additional 39,653 shares during the last quarter. Capstone Wealth Management Group LLC purchased a new position in Vanguard FTSE Developed Markets ETF in the first quarter worth $209,000. Squarepoint Ops LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF during the second quarter worth $7,001,000. Finally, Glenview Trust co grew its stake in Vanguard FTSE Developed Markets ETF by 1.8% during the 2nd quarter. Glenview Trust co now owns 16,992 shares of the company’s stock worth $969,000 after buying an additional 297 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of VEA stock opened at $69.71 on Friday. The stock’s 50-day simple moving average is $70.81 and its 200-day simple moving average is $68.21. The firm has a market capitalization of $225.86 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $55.68 and a fifty-two week high of $73.23.

Vanguard FTSE Developed Markets ETF 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.