First Bancorp Inc ME Invests $12.46 Million in Vanguard FTSE Developed Markets ETF $VEA

First Bancorp Inc ME purchased a new stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 174,873 shares of the company’s stock, valued at approximately $12,460,000. Vanguard FTSE Developed Markets ETF makes up approximately 4.9% of First Bancorp Inc ME’s portfolio, making the stock its 5th biggest position.

Other large investors have also recently modified their holdings of the company. Compass Financial Management LLC bought a new position in Vanguard FTSE Developed Markets ETF in the 2nd quarter worth about $506,000. Trust Co. of Vermont bought a new stake in Vanguard FTSE Developed Markets ETF during the 2nd quarter valued at about $15,937,000. Fourth Dimension Wealth LLC increased its stake in Vanguard FTSE Developed Markets ETF by 18.6% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 6,687 shares of the company’s stock valued at $476,000 after purchasing an additional 1,050 shares in the last quarter. Kuhn & Co Investment Counsel purchased a new position in Vanguard FTSE Developed Markets ETF in the second quarter worth about $210,000. Finally, Belpointe Asset Management LLC raised its holdings in Vanguard FTSE Developed Markets ETF by 9.1% in the second quarter. Belpointe Asset Management LLC now owns 55,281 shares of the company’s stock worth $3,939,000 after buying an additional 4,625 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of NYSEARCA VEA opened at $73.79 on Wednesday. The firm’s 50 day moving average price is $71.38 and its 200-day moving average price is $69.28. Vanguard FTSE Developed Markets ETF has a 52-week low of $57.81 and a 52-week high of $74.04. The company has a market cap of $239.07 billion, a PE ratio of 16.34 and a beta of 0.83.

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.