Brown Financial Advisory Raises Stock Holdings in Vanguard FTSE Developed Markets ETF $VEA

Brown Financial Advisory increased its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 22.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,903 shares of the company’s stock after purchasing an additional 1,432 shares during the period. Brown Financial Advisory’s holdings in Vanguard FTSE Developed Markets ETF were worth $451,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cypress Wealth Services LLC increased its position in Vanguard FTSE Developed Markets ETF by 8.6% during the 2nd quarter. Cypress Wealth Services LLC now owns 96,040 shares of the company’s stock valued at $5,475,000 after purchasing an additional 7,632 shares during the period. Courier Capital LLC increased its position in Vanguard FTSE Developed Markets ETF by 51.3% during the 2nd quarter. Courier Capital LLC now owns 128,260 shares of the company’s stock valued at $7,312,000 after purchasing an additional 43,464 shares during the period. Sagespring Wealth Partners LLC increased its position in Vanguard FTSE Developed Markets ETF by 18.8% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 125,165 shares of the company’s stock valued at $7,136,000 after purchasing an additional 19,777 shares during the period. TD Asset Management Inc increased its position in Vanguard FTSE Developed Markets ETF by 12.8% during the 2nd quarter. TD Asset Management Inc now owns 1,052,664 shares of the company’s stock valued at $60,012,000 after purchasing an additional 119,460 shares during the period. Finally, IFC Advisors LLC increased its position in Vanguard FTSE Developed Markets ETF by 7.0% during the 2nd quarter. IFC Advisors LLC now owns 38,200 shares of the company’s stock valued at $2,178,000 after purchasing an additional 2,500 shares during the period.

Vanguard FTSE Developed Markets ETF Trading Up 0.3%

Shares of Vanguard FTSE Developed Markets ETF stock opened at $59.98 on Wednesday. The company’s fifty day simple moving average is $59.34 and its two-hundred day simple moving average is $56.10. The company has a market cap of $178.71 billion, a P/E ratio of 16.34 and a beta of 0.89. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.14 and a 12-month high of $61.32.

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.