Archer Investment Corp Buys 11,490 Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Archer Investment Corp grew its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 24.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,170 shares of the company’s stock after purchasing an additional 11,490 shares during the period. Vanguard FTSE Developed Markets ETF makes up 0.8% of Archer Investment Corp’s investment portfolio, making the stock its 26th largest holding. Archer Investment Corp’s holdings in Vanguard FTSE Developed Markets ETF were worth $2,957,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Sellwood Investment Partners LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF in the 4th quarter worth $26,000. Kessler Investment Group LLC bought a new stake in Vanguard FTSE Developed Markets ETF during the 1st quarter worth approximately $26,000. von Borstel & Associates Inc. bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the first quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the first quarter valued at approximately $28,000. Finally, Chapman Financial Group LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the fourth quarter valued at approximately $29,000.

Vanguard FTSE Developed Markets ETF Stock Up 0.1%

Vanguard FTSE Developed Markets ETF stock traded up $0.06 during mid-day trading on Friday, reaching $56.83. 1,265,709 shares of the company’s stock traded hands, compared to its average volume of 11,442,376. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.14 and a 12-month high of $57.39. The company has a market cap of $164.09 billion, a price-to-earnings ratio of 16.34 and a beta of 0.89. The stock has a 50 day moving average of $55.92 and a two-hundred day moving average of $52.40.

Vanguard FTSE Developed Markets ETF Company 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.