Founders Financial Securities LLC Has $44.90 Million Stock Position in Vanguard FTSE Developed Markets ETF $VEA

Founders Financial Securities LLC increased its position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 664,634 shares of the company’s stock after buying an additional 7,118 shares during the period. Vanguard FTSE Developed Markets ETF accounts for approximately 2.7% of Founders Financial Securities LLC’s investment portfolio, making the stock its 5th biggest position. Founders Financial Securities LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $44,896,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Buck Wealth Strategies LLC boosted its position in Vanguard FTSE Developed Markets ETF by 16.3% during the fourth quarter. Buck Wealth Strategies LLC now owns 364,560 shares of the company’s stock worth $22,774,000 after purchasing an additional 51,187 shares during the period. Chesley Taft & Associates LLC increased its holdings in shares of Vanguard FTSE Developed Markets ETF by 13.9% in the fourth quarter. Chesley Taft & Associates LLC now owns 331,150 shares of the company’s stock valued at $20,687,000 after purchasing an additional 40,482 shares during the last quarter. Green Ridge Wealth Planning LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF in the fourth quarter valued at $15,031,000. Root Financial Partners LLC raised its position in shares of Vanguard FTSE Developed Markets ETF by 27.1% in the fourth quarter. Root Financial Partners LLC now owns 97,303 shares of the company’s stock valued at $6,079,000 after purchasing an additional 20,769 shares during the period. Finally, Eastern Bank raised its position in shares of Vanguard FTSE Developed Markets ETF by 3.5% in the fourth quarter. Eastern Bank now owns 2,427,295 shares of the company’s stock valued at $151,633,000 after purchasing an additional 81,764 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Performance

NYSEARCA VEA opened at $72.31 on Friday. The stock has a market cap of $231.92 billion, a PE ratio of 16.34 and a beta of 0.83. The firm has a 50-day moving average of $70.01 and a 200-day moving average of $66.77. Vanguard FTSE Developed Markets ETF has a 52-week low of $54.63 and a 52-week high of $73.23.

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.