Horizons Wealth Management Makes New Investment in Vanguard FTSE Developed Markets ETF $VEA

Horizons Wealth Management acquired a new position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 214,408 shares of the company’s stock, valued at approximately $15,139,000. Vanguard FTSE Developed Markets ETF makes up 9.4% of Horizons Wealth Management’s investment portfolio, making the stock its 2nd biggest holding.

Other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 88,111,242 shares of the company’s stock worth $6,277,926,000 after acquiring an additional 2,039,805 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Vanguard FTSE Developed Markets ETF by 4.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,823,471 shares of the company’s stock worth $4,761,172,000 after purchasing an additional 2,675,380 shares during the period. Auto Owners Insurance Co raised its position in Vanguard FTSE Developed Markets ETF by 6,941.5% in the 4th quarter. Auto Owners Insurance Co now owns 73,636,513 shares of the company’s stock worth $4,600,073,000 after purchasing an additional 72,590,763 shares during the period. Wells Fargo & Company MN lifted its stake in Vanguard FTSE Developed Markets ETF by 1.3% in the fourth quarter. Wells Fargo & Company MN now owns 64,314,341 shares of the company’s stock worth $4,017,717,000 after purchasing an additional 848,196 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Vanguard FTSE Developed Markets ETF by 11.9% during the first quarter. Royal Bank of Canada now owns 47,313,421 shares of the company’s stock valued at $3,031,844,000 after buying an additional 5,041,973 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Performance

VEA stock traded down $0.10 during trading on Monday, hitting $71.03. 4,554,397 shares of the company traded hands, compared to its average volume of 14,207,507. The company has a 50-day moving average of $72.19 and a 200-day moving average of $70.17. Vanguard FTSE Developed Markets ETF has a 1 year low of $58.88 and a 1 year high of $74.04. The firm has a market capitalization of $231.88 billion, a PE ratio of 16.34 and a beta of 0.84.

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.