Okabena Investment Services Inc. Boosts Position in Vanguard FTSE Developed Markets ETF $VEA

Okabena Investment Services Inc. raised its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 11.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 533,099 shares of the company’s stock after purchasing an additional 52,908 shares during the period. Vanguard FTSE Developed Markets ETF accounts for approximately 6.4% of Okabena Investment Services Inc.’s portfolio, making the stock its 2nd largest position. Okabena Investment Services Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $33,303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mascagni Wealth Management Inc. lifted its position in shares of Vanguard FTSE Developed Markets ETF by 2.1% in the 4th quarter. Mascagni Wealth Management Inc. now owns 7,231 shares of the company’s stock worth $452,000 after purchasing an additional 152 shares during the period. TL Private Wealth lifted its position in shares of Vanguard FTSE Developed Markets ETF by 1.7% in the 4th quarter. TL Private Wealth now owns 9,396 shares of the company’s stock worth $606,000 after purchasing an additional 155 shares during the period. River Wealth Advisors LLC lifted its position in shares of Vanguard FTSE Developed Markets ETF by 1.3% in the 4th quarter. River Wealth Advisors LLC now owns 12,143 shares of the company’s stock worth $759,000 after purchasing an additional 161 shares during the period. Belpointe Asset Management LLC lifted its position in shares of Vanguard FTSE Developed Markets ETF by 0.5% in the 4th quarter. Belpointe Asset Management LLC now owns 34,529 shares of the company’s stock worth $2,157,000 after purchasing an additional 162 shares during the period. Finally, Spire Wealth Management lifted its position in shares of Vanguard FTSE Developed Markets ETF by 0.6% in the 4th quarter. Spire Wealth Management now owns 27,194 shares of the company’s stock worth $1,699,000 after purchasing an additional 163 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of NYSEARCA VEA opened at $72.39 on Tuesday. The company has a market capitalization of $232.17 billion, a P/E ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 52-week low of $54.63 and a 52-week high of $72.80. The company’s 50 day moving average price is $69.48 and its 200-day moving average price is $66.50.

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.