Summit Wealth Group LLC Co. Buys Shares of 47,859 Vanguard FTSE Developed Markets ETF $VEA

Summit Wealth Group LLC Co. bought a new stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 47,859 shares of the company’s stock, valued at approximately $2,990,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. boosted its position in Vanguard FTSE Developed Markets ETF by 151.5% in the fourth quarter. Nova Wealth Management Inc. now owns 420 shares of the company’s stock valued at $26,000 after buying an additional 253 shares in the last quarter. GGM Financials LLC acquired a new stake in Vanguard FTSE Developed Markets ETF in the third quarter valued at approximately $27,000. Ulland Investment Advisors LLC boosted its position in Vanguard FTSE Developed Markets ETF by 75.6% in the third quarter. Ulland Investment Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after buying an additional 242 shares in the last quarter. Strategic Wealth Advisors LLC acquired a new stake in Vanguard FTSE Developed Markets ETF in the fourth quarter valued at approximately $35,000. Finally, Cloud Capital Management LLC acquired a new stake in Vanguard FTSE Developed Markets ETF in the third quarter valued at approximately $37,000.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of Vanguard FTSE Developed Markets ETF stock opened at $69.97 on Wednesday. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $53.76 and a fifty-two week high of $71.12. The firm has a market capitalization of $224.41 billion, a P/E ratio of 16.34 and a beta of 0.83. The company’s 50 day moving average price is $66.57 and its two-hundred day moving average price is $64.82.

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.