Sandy Cove Advisors LLC Sells 20,913 Shares of Vanguard FTSE Developed Markets ETF $VEA

Sandy Cove Advisors LLC trimmed its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 13.5% in the 4th quarter, HoldingsChannel reports. The firm owned 134,475 shares of the company’s stock after selling 20,913 shares during the quarter. Vanguard FTSE Developed Markets ETF makes up approximately 2.5% of Sandy Cove Advisors LLC’s portfolio, making the stock its 11th largest holding. Sandy Cove Advisors LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $8,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Betterment LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 2.5% in the 3rd quarter. Betterment LLC now owns 137,447,739 shares of the company’s stock worth $8,235,869,000 after purchasing an additional 3,364,345 shares during the period. Wealthfront Advisers LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 0.6% in the 4th quarter. Wealthfront Advisers LLC now owns 58,685,582 shares of the company’s stock worth $3,666,088,000 after purchasing an additional 375,614 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Vanguard FTSE Developed Markets ETF by 5.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 58,128,458 shares of the company’s stock worth $3,483,057,000 after purchasing an additional 3,076,786 shares during the period. Jones Financial Companies Lllp boosted its stake in Vanguard FTSE Developed Markets ETF by 3.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 51,311,775 shares of the company’s stock worth $3,049,419,000 after purchasing an additional 1,794,331 shares during the period. Finally, WealthNavi Inc. boosted its stake in Vanguard FTSE Developed Markets ETF by 1.5% in the 4th quarter. WealthNavi Inc. now owns 49,538,873 shares of the company’s stock worth $3,094,693,000 after purchasing an additional 741,263 shares during the period.

Vanguard FTSE Developed Markets ETF Price Performance

VEA stock opened at $70.46 on Monday. Vanguard FTSE Developed Markets ETF has a 1-year low of $54.44 and a 1-year high of $71.12. The company has a market capitalization of $225.98 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. The business has a 50 day simple moving average of $67.14 and a two-hundred day simple moving average of $65.31.

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.