Sovereign Financial Group Inc. Acquires 10,908 Shares of Vanguard FTSE Developed Markets ETF $VEA

Sovereign Financial Group Inc. boosted its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 502,099 shares of the company’s stock after buying an additional 10,908 shares during the period. Vanguard FTSE Developed Markets ETF accounts for approximately 5.9% of Sovereign Financial Group Inc.’s holdings, making the stock its largest holding. Sovereign Financial Group Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $28,625,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kessler Investment Group LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the 1st quarter worth about $26,000. von Borstel & Associates Inc. purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the 1st quarter worth about $26,000. Financial Network Wealth Advisors LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the 1st quarter worth about $26,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the 1st quarter worth about $28,000. Finally, Nemes Rush Group LLC raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 236.5% in the 1st quarter. Nemes Rush Group LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 402 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of NYSEARCA:VEA opened at $59.18 on Friday. The company has a market cap of $176.33 billion, a P/E ratio of 16.34 and a beta of 0.89. Vanguard FTSE Developed Markets ETF has a one year low of $45.14 and a one year high of $61.32. The business’s 50-day simple moving average is $59.22 and its 200 day simple moving average is $55.98.

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.