Summit Global Investments Has $11.69 Million Position in Vanguard FTSE Developed Markets ETF $VEA

Summit Global Investments raised its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 814.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 182,398 shares of the company’s stock after purchasing an additional 162,450 shares during the period. Vanguard FTSE Developed Markets ETF makes up about 0.7% of Summit Global Investments’ investment portfolio, making the stock its 16th biggest holding. Summit Global Investments’ holdings in Vanguard FTSE Developed Markets ETF were worth $11,688,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Buck Wealth Strategies LLC grew its stake in Vanguard FTSE Developed Markets ETF by 16.3% in the fourth quarter. Buck Wealth Strategies LLC now owns 364,560 shares of the company’s stock valued at $22,774,000 after acquiring an additional 51,187 shares during the period. Chesley Taft & Associates LLC raised its position in shares of Vanguard FTSE Developed Markets ETF by 13.9% during the fourth quarter. Chesley Taft & Associates LLC now owns 331,150 shares of the company’s stock worth $20,687,000 after purchasing an additional 40,482 shares during the period. Green Ridge Wealth Planning LLC bought a new position in shares of Vanguard FTSE Developed Markets ETF during the 4th quarter valued at about $15,031,000. Root Financial Partners LLC lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 27.1% during the 4th 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 in the last quarter. Finally, Verus Advisory Inc. bought a new position in shares of Vanguard FTSE Developed Markets ETF during the 4th quarter valued at about $9,561,000.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of VEA opened at $69.23 on Tuesday. The stock has a 50 day simple moving average of $70.81 and a 200 day simple moving average of $68.04. Vanguard FTSE Developed Markets ETF has a 52-week low of $55.68 and a 52-week high of $73.23. The firm has a market capitalization of $224.30 billion, a PE ratio of 16.34 and a beta of 0.83.

Vanguard FTSE Developed Markets ETF Company 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.