Ballentine Partners LLC Trims Holdings in Vanguard FTSE Developed Markets ETF $VEA

Ballentine Partners LLC reduced its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,926,140 shares of the company’s stock after selling 129,796 shares during the quarter. Vanguard FTSE Developed Markets ETF makes up about 4.3% of Ballentine Partners LLC’s portfolio, making the stock its 4th largest holding. Ballentine Partners LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $307,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nova Wealth Management Inc. boosted its position in Vanguard FTSE Developed Markets ETF by 151.5% during the fourth quarter. Nova Wealth Management Inc. now owns 420 shares of the company’s stock valued at $26,000 after acquiring an additional 253 shares during the last quarter. GGM Financials LLC acquired a new stake in Vanguard FTSE Developed Markets ETF during the third quarter worth approximately $27,000. Ulland Investment Advisors LLC grew its stake in Vanguard FTSE Developed Markets ETF by 75.6% during the third quarter. Ulland Investment Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after purchasing an additional 242 shares during the period. Strategic Wealth Advisors LLC bought a new stake in Vanguard FTSE Developed Markets ETF in the fourth quarter worth approximately $35,000. Finally, Cloud Capital Management LLC acquired a new position in Vanguard FTSE Developed Markets ETF in the third quarter valued at approximately $37,000.

Vanguard FTSE Developed Markets ETF Stock Up 1.7%

Shares of NYSEARCA VEA opened at $70.83 on Friday. The company’s fifty day simple moving average is $66.56 and its 200 day simple moving average is $64.62. Vanguard FTSE Developed Markets ETF has a 12-month low of $53.51 and a 12-month high of $71.12. The firm has a market cap of $227.17 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.