MBE Wealth Management LLC Has $1.22 Million Position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

MBE Wealth Management LLC boosted its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 19.0% during the 3rd quarter, Holdings Channel reports. The firm owned 23,043 shares of the company’s stock after acquiring an additional 3,681 shares during the period. Vanguard FTSE Developed Markets ETF makes up about 0.7% of MBE Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. MBE Wealth Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $1,217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VEA. Wellington Management Group LLP raised its stake in shares of Vanguard FTSE Developed Markets ETF by 183.4% during the fourth quarter. Wellington Management Group LLP now owns 600,417 shares of the company’s stock valued at $28,760,000 after acquiring an additional 388,560 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Vanguard FTSE Developed Markets ETF by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 16,518,789 shares of the company’s stock worth $791,250,000 after purchasing an additional 142,356 shares during the last quarter. Cooper Financial Group purchased a new stake in shares of Vanguard FTSE Developed Markets ETF during the first quarter valued at approximately $283,000. Global Assets Advisory LLC bought a new position in shares of Vanguard FTSE Developed Markets ETF in the 1st quarter worth approximately $3,738,000. Finally, Harbor Investment Advisory LLC lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 46.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 2,755 shares of the company’s stock worth $138,000 after purchasing an additional 871 shares during the period.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of VEA stock traded down $0.59 during trading hours on Monday, reaching $51.24. 2,418,448 shares of the company traded hands, compared to its average volume of 9,532,121. The firm has a 50-day moving average price of $51.68 and a 200 day moving average price of $50.49. The company has a market cap of $134.25 billion, a P/E ratio of 13.32 and a beta of 0.88. Vanguard FTSE Developed Markets ETF has a 12-month low of $41.48 and a 12-month high of $53.40.

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.