West Financial Advisors LLC Cuts Stake in Vanguard FTSE Developed Markets ETF $VEA

West Financial Advisors LLC cut its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,101,503 shares of the company’s stock after selling 23,626 shares during the period. Vanguard FTSE Developed Markets ETF accounts for approximately 11.6% of West Financial Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. West Financial Advisors LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $68,811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VEA. GGM Financials LLC bought a new position in Vanguard FTSE Developed Markets ETF in the third quarter worth approximately $27,000. Ulland Investment Advisors LLC increased its holdings in shares of Vanguard FTSE Developed Markets ETF by 75.6% during the third quarter. Ulland Investment Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after acquiring an additional 242 shares in the last quarter. Cloud Capital Management LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the third quarter valued at approximately $37,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF during the second quarter worth approximately $48,000. Finally, Kilter Group LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF during the second quarter worth approximately $49,000.

Vanguard FTSE Developed Markets ETF Stock Down 2.3%

Shares of VEA opened at $62.48 on Friday. The business’s fifty day moving average is $66.58 and its 200 day moving average is $63.16. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.14 and a 12-month high of $70.55. The stock has a market cap of $193.54 billion, a P/E ratio of 16.34 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.