Summit Financial LLC Grows Stake in Vanguard FTSE Developed Markets ETF $VEA

Summit Financial LLC increased its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 716,748 shares of the company’s stock after acquiring an additional 24,167 shares during the period. Vanguard FTSE Developed Markets ETF comprises approximately 0.7% of Summit Financial LLC’s portfolio, making the stock its 21st biggest holding. Summit Financial LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $44,775,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VEA. Nova Wealth Management Inc. grew its holdings 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 valued at $26,000 after buying an additional 253 shares in the last quarter. GGM Financials LLC purchased a new position in Vanguard FTSE Developed Markets ETF during the 3rd quarter valued at approximately $27,000. Ulland Investment Advisors LLC grew its holdings in Vanguard FTSE Developed Markets ETF by 75.6% during the 3rd quarter. Ulland Investment Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after buying an additional 242 shares in the last quarter. Strategic Wealth Advisors LLC purchased a new position in Vanguard FTSE Developed Markets ETF during the 4th quarter valued at approximately $35,000. Finally, Quaker Wealth Management LLC grew its holdings in Vanguard FTSE Developed Markets ETF by 7,637.5% during the 4th quarter. Quaker Wealth Management LLC now owns 619 shares of the company’s stock valued at $39,000 after buying an additional 611 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Price Performance

NYSEARCA VEA opened at $71.55 on Friday. The stock has a market capitalization of $229.48 billion, a PE ratio of 16.34 and a beta of 0.83. The business has a 50 day simple moving average of $69.33 and a two-hundred day simple moving average of $66.37. Vanguard FTSE Developed Markets ETF has a 1-year low of $54.63 and a 1-year high of $72.32.

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.