Independent Advisor Alliance Acquires 366,766 Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Independent Advisor Alliance increased its position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 7,381.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 371,735 shares of the company’s stock after purchasing an additional 366,766 shares during the period. Independent Advisor Alliance’s holdings in Vanguard FTSE Developed Markets ETF were worth $17,776,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VEA. Kozak & Associates Inc. raised its position in shares of Vanguard FTSE Developed Markets ETF by 268.0% during the 4th quarter. Kozak & Associates Inc. now owns 563 shares of the company’s stock valued at $27,000 after purchasing an additional 410 shares during the period. Decker Retirement Planning Inc. bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the 4th quarter valued at $29,000. Keystone Financial Group Inc. bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the 4th quarter valued at $32,000. Lummis Asset Management LP purchased a new position in Vanguard FTSE Developed Markets ETF during the third quarter valued at $34,000. Finally, Crews Bank & Trust purchased a new position in Vanguard FTSE Developed Markets ETF during the fourth quarter valued at $37,000.

Vanguard FTSE Developed Markets ETF Stock Performance

VEA opened at $52.58 on Monday. The stock has a market capitalization of $147.75 billion, a price-to-earnings ratio of 16.75 and a beta of 0.92. The company has a fifty day moving average of $49.94 and a 200 day moving average of $50.47. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $46.79 and a fifty-two week high of $53.40.

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.