PFG Private Wealth Management LLC Sells 50,143 Shares of Vanguard FTSE Developed Markets ETF $VEA

PFG Private Wealth Management LLC lessened its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 12.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 339,630 shares of the company’s stock after selling 50,143 shares during the quarter. Vanguard FTSE Developed Markets ETF makes up about 10.3% of PFG Private Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. PFG Private Wealth Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $24,199,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VEA. Strategic Wealth Advisors LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the 4th quarter valued at $35,000. First Community Trust NA purchased a new stake in Vanguard FTSE Developed Markets ETF in the second quarter valued at $37,000. Tidemark LLC lifted its position in Vanguard FTSE Developed Markets ETF by 80.9% in the fourth quarter. Tidemark LLC now owns 624 shares of the company’s stock valued at $39,000 after acquiring an additional 279 shares during the last quarter. Strategic Advocates LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 66.1% in the fourth quarter. Strategic Advocates LLC now owns 623 shares of the company’s stock valued at $39,000 after acquiring an additional 248 shares in the last quarter. Finally, Cornerstone Financial Management LLC acquired a new position in Vanguard FTSE Developed Markets ETF in the fourth quarter valued at $39,000.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of VEA stock opened at $72.11 on Wednesday. The stock’s 50-day moving average is $71.50 and its two-hundred day moving average is $69.47. Vanguard FTSE Developed Markets ETF has a 1 year low of $57.81 and a 1 year high of $74.04. The firm has a market cap of $233.63 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83.

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.