Steph & Co. Grows Holdings in Vanguard FTSE Developed Markets ETF $VEA

Steph & Co. raised its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 11.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,655 shares of the company’s stock after buying an additional 12,163 shares during the period. Vanguard FTSE Developed Markets ETF comprises about 2.2% of Steph & Co.’s investment portfolio, making the stock its 11th biggest position. Steph & Co.’s holdings in Vanguard FTSE Developed Markets ETF were worth $7,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Mascagni Wealth Management Inc. increased its stake in Vanguard FTSE Developed Markets ETF by 2.1% in the fourth quarter. Mascagni Wealth Management Inc. now owns 7,231 shares of the company’s stock valued at $452,000 after acquiring an additional 152 shares during the last quarter. TL Private Wealth lifted its stake in Vanguard FTSE Developed Markets ETF by 1.7% during the fourth quarter. TL Private Wealth now owns 9,396 shares of the company’s stock worth $606,000 after purchasing an additional 155 shares during the last quarter. River Wealth Advisors LLC boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.3% in the 4th quarter. River Wealth Advisors LLC now owns 12,143 shares of the company’s stock worth $759,000 after purchasing an additional 161 shares in the last quarter. Belpointe Asset Management LLC increased its position in shares of Vanguard FTSE Developed Markets ETF by 0.5% during the 4th quarter. Belpointe Asset Management LLC now owns 34,529 shares of the company’s stock valued at $2,157,000 after purchasing an additional 162 shares during the last quarter. Finally, Spire Wealth Management increased its position in shares of Vanguard FTSE Developed Markets ETF by 0.6% during the 4th quarter. Spire Wealth Management now owns 27,194 shares of the company’s stock valued at $1,699,000 after purchasing an additional 163 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Trading Down 3.1%

Shares of NYSEARCA VEA opened at $70.17 on Wednesday. The stock’s 50-day moving average is $70.15 and its 200 day moving average is $66.94. The stock has a market cap of $225.05 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 1-year low of $55.68 and a 1-year high of $73.23.

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.