Smithbridge Asset Management Inc. DE Buys 74,406 Shares of Vanguard FTSE Developed Markets ETF $VEA

Smithbridge Asset Management Inc. DE grew its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 270.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 101,922 shares of the company’s stock after buying an additional 74,406 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Vanguard FTSE Developed Markets ETF were worth $6,531,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of Vanguard FTSE Developed Markets ETF by 2.1% in the 4th quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock valued at $12,853,704,000 after buying an additional 4,289,361 shares during the period. Betterment LLC raised its stake in Vanguard FTSE Developed Markets ETF by 0.8% during the 4th quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock worth $8,657,615,000 after buying an additional 1,140,627 shares during the period. Morgan Stanley raised its stake in Vanguard FTSE Developed Markets ETF by 44.0% during the 4th quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock worth $5,652,975,000 after buying an additional 27,650,637 shares during the period. Auto Owners Insurance Co boosted its holdings in Vanguard FTSE Developed Markets ETF by 6,941.5% in the fourth quarter. Auto Owners Insurance Co now owns 73,636,513 shares of the company’s stock worth $4,600,073,000 after acquiring an additional 72,590,763 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Vanguard FTSE Developed Markets ETF by 1.3% in the fourth quarter. Wells Fargo & Company MN now owns 64,314,341 shares of the company’s stock valued at $4,017,717,000 after acquiring an additional 848,196 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Down 1.2%

NYSEARCA VEA opened at $70.36 on Thursday. The company has a market cap of $226.43 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 52 week low of $55.68 and a 52 week high of $73.23. The business has a 50 day moving average price of $70.37 and a 200-day moving average price of $67.30.

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.