Beam Wealth Advisors Inc. Buys New Position in Vanguard FTSE Developed Markets ETF $VEA

Beam Wealth Advisors Inc. purchased a new position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,249 shares of the company’s stock, valued at approximately $2,579,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mascagni Wealth Management Inc. raised 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 valued at $452,000 after purchasing an additional 152 shares during the last quarter. TL Private Wealth boosted its holdings in Vanguard FTSE Developed Markets ETF by 1.7% during the fourth quarter. TL Private Wealth now owns 9,396 shares of the company’s stock worth $606,000 after purchasing an additional 155 shares during the last quarter. River Wealth Advisors LLC boosted its holdings in Vanguard FTSE Developed Markets ETF by 1.3% during the fourth quarter. River Wealth Advisors LLC now owns 12,143 shares of the company’s stock worth $759,000 after purchasing an additional 161 shares during the last quarter. Belpointe Asset Management LLC grew its position in Vanguard FTSE Developed Markets ETF by 0.5% in the 4th quarter. Belpointe Asset Management LLC now owns 34,529 shares of the company’s stock worth $2,157,000 after purchasing an additional 162 shares in the last quarter. Finally, Spire Wealth Management grew its position in Vanguard FTSE Developed Markets ETF by 0.6% in the 4th quarter. Spire Wealth Management now owns 27,194 shares of the company’s stock worth $1,699,000 after purchasing an additional 163 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

NYSEARCA:VEA opened at $70.34 on Thursday. The firm has a market cap of $227.90 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 52 week low of $55.68 and a 52 week high of $73.23. The firm has a 50-day moving average price of $70.66 and a two-hundred day moving average price of $67.60.

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.