Envestnet Portfolio Solutions Inc. Has $672.12 Million Position in Vanguard FTSE Developed Markets ETF $VEA

Envestnet Portfolio Solutions Inc. trimmed its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 9.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,789,506 shares of the company’s stock after selling 1,208,581 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises about 2.5% of Envestnet Portfolio Solutions Inc.’s portfolio, making the stock its 8th biggest holding. Envestnet Portfolio Solutions Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $672,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VEA. TFO Wealth Partners LLC bought a new position in Vanguard FTSE Developed Markets ETF during the 1st quarter valued at $222,710,000. Arkadios Wealth Advisors boosted its stake in Vanguard FTSE Developed Markets ETF by 289.9% during the 1st quarter. Arkadios Wealth Advisors now owns 93,032 shares of the company’s stock valued at $4,729,000 after purchasing an additional 69,173 shares in the last quarter. Fiduciary Alliance LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 3.5% during the 2nd quarter. Fiduciary Alliance LLC now owns 8,732 shares of the company’s stock valued at $498,000 after purchasing an additional 292 shares in the last quarter. Twelve Points Wealth Management LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 2.7% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 19,660 shares of the company’s stock valued at $1,121,000 after purchasing an additional 508 shares in the last quarter. Finally, Financial Synergies Wealth Advisors Inc. boosted its stake in Vanguard FTSE Developed Markets ETF by 3.2% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 900,352 shares of the company’s stock valued at $45,765,000 after purchasing an additional 27,816 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of NYSEARCA VEA opened at $59.18 on Monday. The stock has a fifty day moving average price of $59.22 and a two-hundred day moving average price of $56.01. The firm has a market cap of $176.33 billion, a P/E ratio of 16.34 and a beta of 0.89. Vanguard FTSE Developed Markets ETF has a 1 year low of $45.14 and a 1 year high of $61.32.

Vanguard FTSE Developed Markets ETF 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.