Auto Owners Insurance Co Buys 72,590,763 Shares of Vanguard FTSE Developed Markets ETF $VEA

Auto Owners Insurance Co grew its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 6,941.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,636,513 shares of the company’s stock after acquiring an additional 72,590,763 shares during the period. Vanguard FTSE Developed Markets ETF accounts for 1.1% of Auto Owners Insurance Co’s holdings, making the stock its 16th largest position. Auto Owners Insurance Co’s holdings in Vanguard FTSE Developed Markets ETF were worth $4,600,073,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Vanguard FTSE Developed Markets ETF by 2.1% in the 4th quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock worth $12,853,704,000 after purchasing an additional 4,289,361 shares in the last quarter. Betterment LLC grew its position in Vanguard FTSE Developed Markets ETF by 0.8% during the fourth quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock worth $8,657,615,000 after buying an additional 1,140,627 shares in the last quarter. Morgan Stanley increased its stake in Vanguard FTSE Developed Markets ETF by 44.0% during the 4th quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock worth $5,652,975,000 after acquiring an additional 27,650,637 shares during the period. Wells Fargo & Company MN lifted its position in shares of Vanguard FTSE Developed Markets ETF by 1.3% during the 4th quarter. Wells Fargo & Company MN now owns 64,314,341 shares of the company’s stock valued at $4,017,717,000 after acquiring an additional 848,196 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Vanguard FTSE Developed Markets ETF by 6.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 61,886,335 shares of the company’s stock valued at $3,866,039,000 after acquiring an additional 3,757,877 shares during the period.

Vanguard FTSE Developed Markets ETF Price Performance

VEA stock opened at $72.31 on Friday. The business has a 50-day simple moving average of $70.01 and a 200 day simple moving average of $66.77. The company has a market cap of $231.92 billion, a PE ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 52 week low of $54.63 and a 52 week 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.