Vanguard FTSE Developed Markets ETF $VEA Position Lifted by AdvisorNet Financial Inc

AdvisorNet Financial Inc grew its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 4.3% in the first quarter, HoldingsChannel reports. The fund owned 494,179 shares of the company’s stock after purchasing an additional 20,195 shares during the quarter. Vanguard FTSE Developed Markets ETF makes up about 1.6% of AdvisorNet Financial Inc’s portfolio, making the stock its 7th largest holding. AdvisorNet Financial Inc’s holdings in Vanguard FTSE Developed Markets ETF were worth $31,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Vanguard FTSE Developed Markets ETF Stock Up 0.1%

NYSEARCA VEA opened at $72.39 on Tuesday. Vanguard FTSE Developed Markets ETF has a 52 week low of $54.63 and a 52 week high of $73.23. The company has a market capitalization of $232.17 billion, a P/E ratio of 16.34 and a beta of 0.83. The stock’s 50-day moving average price is $70.10 and its 200-day moving average price is $66.88.

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.