Rialto Wealth Management LLC Grows Stock Position in Vanguard FTSE Developed Markets ETF $VEA

Rialto Wealth Management LLC increased its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 1.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 277,000 shares of the company’s stock after purchasing an additional 4,724 shares during the quarter. Vanguard FTSE Developed Markets ETF accounts for 4.4% of Rialto Wealth Management LLC’s holdings, making the stock its 4th biggest position. Rialto Wealth Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $15,792,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Financial Network Wealth Advisors LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the first quarter worth $26,000. Financial Gravity Asset Management Inc. acquired a new position in Vanguard FTSE Developed Markets ETF in the 1st quarter worth $28,000. Nemes Rush Group LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 236.5% in the 1st quarter. Nemes Rush Group LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 402 shares during the period. IFS Advisors LLC bought a new position in Vanguard FTSE Developed Markets ETF during the 2nd quarter worth about $35,000. Finally, Armstrong Advisory Group Inc. increased its holdings in Vanguard FTSE Developed Markets ETF by 210.1% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 831 shares of the company’s stock worth $47,000 after purchasing an additional 563 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of Vanguard FTSE Developed Markets ETF stock opened at $60.61 on Friday. The firm has a market cap of $180.59 billion, a price-to-earnings ratio of 16.34 and a beta of 0.87. The stock’s 50-day moving average is $60.18 and its 200-day moving average is $57.56. Vanguard FTSE Developed Markets ETF has a one year low of $45.14 and a one year high of $61.80.

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.