Betterment LLC Buys 10,132,168 Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Betterment LLC grew its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,485,176 shares of the company’s stock after acquiring an additional 10,132,168 shares during the period. Vanguard FTSE Developed Markets ETF comprises approximately 15.7% of Betterment LLC’s holdings, making the stock its 2nd biggest position. Betterment LLC owned 5.25% of Vanguard FTSE Developed Markets ETF worth $6,574,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Seven Mile Advisory lifted its stake in Vanguard FTSE Developed Markets ETF by 0.7% in the fourth quarter. Seven Mile Advisory now owns 27,400 shares of the company’s stock valued at $1,310,000 after buying an additional 198 shares during the last quarter. Brown Lisle Cummings Inc. boosted its stake in Vanguard FTSE Developed Markets ETF by 5.5% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,842 shares of the company’s stock valued at $184,000 after purchasing an additional 200 shares during the period. ARK & TLK Investments LLC grew its position in Vanguard FTSE Developed Markets ETF by 3.5% in the 4th quarter. ARK & TLK Investments LLC now owns 6,109 shares of the company’s stock worth $292,000 after purchasing an additional 205 shares during the last quarter. O Connor Financial Group LLC increased its stake in shares of Vanguard FTSE Developed Markets ETF by 3.4% in the fourth quarter. O Connor Financial Group LLC now owns 6,318 shares of the company’s stock valued at $302,000 after purchasing an additional 210 shares during the period. Finally, O Dell Group LLC raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.3% during the fourth quarter. O Dell Group LLC now owns 16,346 shares of the company’s stock valued at $782,000 after buying an additional 216 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of VEA stock opened at $52.43 on Friday. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.14 and a 12-month high of $53.40. The business has a 50 day simple moving average of $50.88 and a 200 day simple moving average of $50.15. The firm has a market capitalization of $148.90 billion, a price-to-earnings ratio of 15.69 and a beta of 0.86.

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.