SVB Wealth LLC Has $4.05 Million Position in Vanguard FTSE Developed Markets ETF $VEA

SVB Wealth LLC cut its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 16.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,824 shares of the company’s stock after selling 10,950 shares during the quarter. SVB Wealth LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $4,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in Vanguard FTSE Developed Markets ETF by 2.1% during the 4th quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock worth $12,853,704,000 after acquiring an additional 4,289,361 shares during the last quarter. Betterment LLC increased its stake in Vanguard FTSE Developed Markets ETF by 0.8% in the fourth quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock valued at $8,657,615,000 after purchasing an additional 1,140,627 shares in the last quarter. Morgan Stanley increased its stake in Vanguard FTSE Developed Markets ETF by 44.0% in the fourth quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock valued at $5,652,975,000 after purchasing an additional 27,650,637 shares in the last quarter. Auto Owners Insurance Co raised 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 purchasing an additional 72,590,763 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Vanguard FTSE Developed Markets ETF by 4.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,823,471 shares of the company’s stock worth $4,761,172,000 after purchasing an additional 2,675,380 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Down 0.4%

Shares of NYSEARCA VEA opened at $73.45 on Wednesday. The company’s fifty day moving average is $71.76 and its 200-day moving average is $69.63. The stock has a market cap of $237.97 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a twelve month low of $58.81 and a twelve month high of $74.04.

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.