Financial Planning Navigators CORP Invests $45.07 Million in Vanguard FTSE Developed Markets ETF $VEA

Financial Planning Navigators CORP bought a new stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) during the 4th quarter, HoldingsChannel reports. The fund bought 721,490 shares of the company’s stock, valued at approximately $45,071,000. Vanguard FTSE Developed Markets ETF comprises 20.7% of Financial Planning Navigators CORP’s portfolio, making the stock its 2nd biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. boosted its position in Vanguard FTSE Developed Markets ETF by 151.5% during the 4th quarter. Nova Wealth Management Inc. now owns 420 shares of the company’s stock worth $26,000 after acquiring an additional 253 shares during the period. GGM Financials LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF during the third quarter valued at $27,000. Ulland Investment Advisors LLC raised its stake in shares of 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 valued at $34,000 after purchasing an additional 242 shares in the last quarter. Cloud Capital Management LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the third quarter valued at about $37,000. Finally, Kilter Group LLC acquired a new stake in Vanguard FTSE Developed Markets ETF in the second quarter worth about $49,000.

Vanguard FTSE Developed Markets ETF Stock Down 0.8%

Shares of VEA opened at $64.64 on Friday. The firm has a market capitalization of $200.23 billion, a PE ratio of 16.34 and a beta of 0.87. The firm has a 50-day moving average price of $66.44 and a 200 day moving average price of $63.30. Vanguard FTSE Developed Markets ETF has a 52-week low of $45.14 and a 52-week high of $70.55.

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.