Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Shares Sold by Towerpoint Wealth LLC

Towerpoint Wealth LLC reduced its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,060 shares of the company’s stock after selling 1,945 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises about 6.2% of Towerpoint Wealth LLC’s portfolio, making the stock its 5th biggest position. Towerpoint Wealth LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $12,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Bank of America Corp DE raised its holdings in Vanguard FTSE Developed Markets ETF by 6.6% in the fourth quarter. Bank of America Corp DE now owns 175,393,114 shares of the company’s stock worth $8,387,299,000 after purchasing an additional 10,807,527 shares during the period. Betterment LLC raised its holdings in Vanguard FTSE Developed Markets ETF by 8.0% in the fourth quarter. Betterment LLC now owns 137,485,176 shares of the company’s stock worth $6,574,541,000 after purchasing an additional 10,132,168 shares during the period. Envestnet Asset Management Inc. raised its holdings in Vanguard FTSE Developed Markets ETF by 1.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 98,087,890 shares of the company’s stock worth $4,690,563,000 after purchasing an additional 1,599,089 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 4.0% during the fourth quarter. Wells Fargo & Company MN now owns 65,258,786 shares of the company’s stock worth $3,120,675,000 after acquiring an additional 2,488,154 shares during the period. Finally, WealthNavi Inc. raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 7.2% during the fourth quarter. WealthNavi Inc. now owns 49,426,996 shares of the company’s stock worth $2,363,599,000 after acquiring an additional 3,331,395 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of VEA stock opened at $55.51 on Monday. The firm’s fifty day moving average price is $52.07 and its two-hundred day moving average price is $50.76. Vanguard FTSE Developed Markets ETF has a 1 year low of $45.14 and a 1 year high of $55.90. The firm has a market capitalization of $158.20 billion, a P/E ratio of 16.25 and a beta of 0.88.

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.