Lake Street Private Wealth LLC Lowers Stock Holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Lake Street Private Wealth LLC reduced its position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 61.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 15,675 shares of the company’s stock after selling 25,436 shares during the period. Lake Street Private Wealth LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $797,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Vanguard FTSE Developed Markets ETF by 6.6% during the fourth quarter. Bank of America Corp DE now owns 175,393,114 shares of the company’s stock worth $8,387,299,000 after buying an additional 10,807,527 shares during the period. Betterment LLC boosted its position in shares of Vanguard FTSE Developed Markets ETF by 8.0% during the fourth quarter. Betterment LLC now owns 137,485,176 shares of the company’s stock worth $6,574,541,000 after buying an additional 10,132,168 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Vanguard FTSE Developed Markets ETF by 1.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 98,087,890 shares of the company’s stock worth $4,690,563,000 after buying an additional 1,599,089 shares during the period. Wells Fargo & Company MN boosted its position in shares of Vanguard FTSE Developed Markets ETF by 4.0% during the fourth quarter. Wells Fargo & Company MN now owns 65,258,786 shares of the company’s stock worth $3,120,675,000 after buying an additional 2,488,154 shares during the period. Finally, WealthNavi Inc. boosted its position in shares of Vanguard FTSE Developed Markets ETF by 7.2% during the fourth quarter. WealthNavi Inc. now owns 49,426,996 shares of the company’s stock worth $2,363,599,000 after buying an additional 3,331,395 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Up 0.5%

VEA opened at $56.10 on Thursday. Vanguard FTSE Developed Markets ETF has a 52 week low of $45.14 and a 52 week high of $56.37. The business has a fifty day simple moving average of $52.34 and a 200-day simple moving average of $50.88. The firm has a market cap of $159.89 billion, a P/E ratio of 16.52 and a beta of 0.87.

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.