Stone Summit Wealth LLC Buys 49,641 Shares of Vanguard FTSE Developed Markets ETF $VEA

Stone Summit Wealth LLC increased its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 42.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 167,759 shares of the company’s stock after acquiring an additional 49,641 shares during the quarter. Vanguard FTSE Developed Markets ETF makes up about 2.9% of Stone Summit Wealth LLC’s portfolio, making the stock its 5th biggest holding. Stone Summit Wealth LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $10,052,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFS Advisors LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF during the 2nd quarter worth about $35,000. Armstrong Advisory Group Inc. boosted its holdings in Vanguard FTSE Developed Markets ETF by 210.1% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 831 shares of the company’s stock worth $47,000 after buying an additional 563 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Vanguard FTSE Developed Markets ETF during the 2nd quarter worth approximately $48,000. Kilter Group LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the second quarter valued at approximately $49,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Vanguard FTSE Developed Markets ETF in the second quarter worth approximately $52,000.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of VEA opened at $63.20 on Monday. The stock has a 50 day moving average price of $61.59 and a 200 day moving average price of $59.61. Vanguard FTSE Developed Markets ETF has a one year low of $45.14 and a one year high of $63.21. The stock has a market capitalization of $191.46 billion, a price-to-earnings ratio of 16.34 and a beta of 0.87.

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.