Northwestern Mutual Wealth Management Co. Sells 58,087,647 Shares of Vanguard FTSE Developed Markets ETF $VEA

Northwestern Mutual Wealth Management Co. trimmed its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 99.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,811 shares of the company’s stock after selling 58,087,647 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Vanguard FTSE Developed Markets ETF were worth $2,405,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VEA. Nova Wealth Management Inc. increased its position in shares of Vanguard FTSE Developed Markets ETF by 151.5% in the fourth quarter. Nova Wealth Management Inc. now owns 420 shares of the company’s stock worth $26,000 after purchasing an additional 253 shares during the last quarter. GGM Financials LLC bought a new position in shares of Vanguard FTSE Developed Markets ETF in the third quarter worth approximately $27,000. Ulland Investment Advisors LLC increased its position in shares of Vanguard FTSE Developed Markets ETF by 75.6% in the third quarter. Ulland Investment Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after purchasing an additional 242 shares during the last quarter. Strategic Wealth Advisors LLC bought a new position in shares of Vanguard FTSE Developed Markets ETF in the fourth quarter worth approximately $35,000. Finally, Cloud Capital Management LLC bought a new position in shares of Vanguard FTSE Developed Markets ETF in the third quarter worth approximately $37,000.

Vanguard FTSE Developed Markets ETF Trading Up 1.9%

VEA stock opened at $71.78 on Wednesday. The company’s 50 day moving average is $67.42 and its 200 day moving average is $65.46. The stock has a market cap of $230.22 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 1-year low of $54.63 and a 1-year high of $71.88.

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.