Linscomb Wealth Inc. Cuts Stake in Vanguard FTSE Developed Markets ETF $VEA

Linscomb Wealth Inc. lessened its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,728,468 shares of the company’s stock after selling 168,360 shares during the quarter. Vanguard FTSE Developed Markets ETF accounts for about 11.5% of Linscomb Wealth Inc.’s investment portfolio, making the stock its 2nd biggest holding. Linscomb Wealth Inc. owned about 0.12% of Vanguard FTSE Developed Markets ETF worth $265,653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in 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 worth $12,853,704,000 after purchasing an additional 4,289,361 shares during the period. Betterment LLC raised its stake in shares of Vanguard FTSE Developed Markets ETF by 0.8% in the 4th 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 during the period. Morgan Stanley raised its stake in shares of Vanguard FTSE Developed Markets ETF by 44.0% in the 4th 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 during the period. Auto Owners Insurance Co lifted its holdings in shares of 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 valued at $4,600,073,000 after purchasing an additional 72,590,763 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of 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 purchasing an additional 848,196 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Price Performance

VEA stock opened at $72.39 on Wednesday. The stock has a market capitalization of $234.54 billion, a P/E ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $57.81 and a fifty-two week high of $74.04. The business has a 50-day moving average of $71.19 and a 200-day moving average of $69.05.

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.