FMA Wealth Management LLC Cuts Stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

FMA Wealth Management LLC lessened its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,428 shares of the company’s stock after selling 2,759 shares during the period. Vanguard FTSE Developed Markets ETF accounts for about 10.0% of FMA Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. FMA Wealth Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $12,994,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VEA. Brooklyn FI LLC raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 6,702.3% during the fourth quarter. Brooklyn FI LLC now owns 35,997,541 shares of the company’s stock valued at $1,806,348,000 after buying an additional 35,468,345 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Vanguard FTSE Developed Markets ETF in the fourth quarter valued at $563,154,000. Bank of America Corp DE increased its holdings in shares of 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 valued at $8,387,299,000 after buying an additional 10,807,527 shares in the last quarter. Betterment LLC increased its holdings in shares of 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 valued at $6,574,541,000 after buying an additional 10,132,168 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Vanguard FTSE Developed Markets ETF by 56.6% in the fourth quarter. US Bancorp DE now owns 23,812,753 shares of the company’s stock valued at $1,138,726,000 after buying an additional 8,608,172 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

NYSEARCA VEA opened at $55.00 on Monday. The stock has a market capitalization of $156.75 billion, a P/E ratio of 16.52 and a beta of 0.87. Vanguard FTSE Developed Markets ETF has a 1 year low of $45.14 and a 1 year high of $56.91. The business’s fifty day moving average is $54.15 and its two-hundred day moving average is $51.42.

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.