Morton Brown Family Wealth LLC Boosts Position in Vanguard FTSE Developed Markets ETF $VEA

Morton Brown Family Wealth LLC raised its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 9.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 482,307 shares of the company’s stock after buying an additional 42,503 shares during the quarter. Vanguard FTSE Developed Markets ETF makes up about 8.4% of Morton Brown Family Wealth LLC’s investment portfolio, making the stock its 3rd largest holding. Morton Brown Family Wealth LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $27,496,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Kessler Investment Group LLC bought a new stake in Vanguard FTSE Developed Markets ETF in the first quarter valued at $26,000. von Borstel & Associates Inc. bought a new stake in Vanguard FTSE Developed Markets ETF in the first quarter valued at $26,000. Financial Network Wealth Advisors LLC bought a new stake in Vanguard FTSE Developed Markets ETF in the first quarter valued at $26,000. Financial Gravity Asset Management Inc. bought a new stake in Vanguard FTSE Developed Markets ETF in the first quarter valued at $28,000. Finally, Nemes Rush Group LLC lifted its stake in Vanguard FTSE Developed Markets ETF by 236.5% in the first quarter. Nemes Rush Group LLC now owns 572 shares of the company’s stock valued at $29,000 after buying an additional 402 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

VEA stock opened at $60.32 on Friday. The stock has a market capitalization of $179.73 billion, a price-to-earnings ratio of 16.34 and a beta of 0.89. Vanguard FTSE Developed Markets ETF has a 1 year low of $45.14 and a 1 year high of $61.32. The stock’s fifty day moving average is $59.16 and its two-hundred day moving average is $55.90.

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.