Silverlake Wealth Management LLC Has $5.24 Million Stake in Vanguard FTSE Developed Markets ETF $VEA

Silverlake Wealth Management LLC grew its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 261.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,447 shares of the company’s stock after purchasing an additional 63,283 shares during the quarter. Vanguard FTSE Developed Markets ETF makes up approximately 1.3% of Silverlake Wealth Management LLC’s portfolio, making the stock its 9th largest holding. Silverlake Wealth Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $5,240,000 as of its most recent filing with the Securities & Exchange Commission.

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

Vanguard FTSE Developed Markets ETF Stock Up 0.5%

VEA opened at $64.87 on Thursday. The stock’s 50 day moving average price is $62.11 and its two-hundred day moving average price is $60.05. The firm has a market capitalization of $200.94 billion, a P/E ratio of 16.34 and a beta of 0.87. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.14 and a 12-month high of $64.95.

Vanguard FTSE Developed Markets ETF Company Profile

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.