Meridian Management Co. Sells 24,354 Shares of Vanguard FTSE Developed Markets ETF $VEA

Meridian Management Co. lowered its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 603,238 shares of the company’s stock after selling 24,354 shares during the quarter. Vanguard FTSE Developed Markets ETF makes up about 9.6% of Meridian Management Co.’s holdings, making the stock its biggest holding. Meridian Management Co.’s holdings in Vanguard FTSE Developed Markets ETF were worth $38,655,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 151.5% in the 4th quarter. Nova Wealth Management Inc. now owns 420 shares of the company’s stock valued at $26,000 after purchasing an additional 253 shares in the last quarter. Strategic Wealth Advisors LLC purchased a new position in Vanguard FTSE Developed Markets ETF in the fourth quarter valued at $35,000. Quaker Wealth Management LLC increased its holdings in Vanguard FTSE Developed Markets ETF by 7,637.5% in the fourth quarter. Quaker Wealth Management LLC now owns 619 shares of the company’s stock valued at $39,000 after buying an additional 611 shares during the last quarter. Tidemark LLC raised its position in shares of Vanguard FTSE Developed Markets ETF by 80.9% during the 4th quarter. Tidemark LLC now owns 624 shares of the company’s stock worth $39,000 after acquiring an additional 279 shares in the last quarter. Finally, Strategic Advocates LLC raised its position in shares of Vanguard FTSE Developed Markets ETF by 66.1% during the 4th quarter. Strategic Advocates LLC now owns 623 shares of the company’s stock worth $39,000 after acquiring an additional 248 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Up 1.2%

VEA stock opened at $70.60 on Wednesday. The business has a 50 day moving average price of $70.85 and a 200 day moving average price of $67.83. The stock has a market cap of $228.74 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $55.68 and a fifty-two week high of $73.23.

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.