Vanguard FTSE Developed Markets ETF $VEA Stake Boosted by Fairman Group LLC

Fairman Group LLC grew its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 13.2% in the first quarter, HoldingsChannel.com reports. The firm owned 145,205 shares of the company’s stock after acquiring an additional 16,988 shares during the period. Vanguard FTSE Developed Markets ETF accounts for approximately 8.0% of Fairman Group LLC’s investment portfolio, making the stock its 3rd biggest holding. Fairman Group LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $9,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VEA. Mascagni Wealth Management Inc. raised its position in shares of Vanguard FTSE Developed Markets ETF by 2.1% during the 4th quarter. Mascagni Wealth Management Inc. now owns 7,231 shares of the company’s stock valued at $452,000 after purchasing an additional 152 shares during the period. TL Private Wealth boosted its holdings in Vanguard FTSE Developed Markets ETF by 1.7% in the 4th quarter. TL Private Wealth now owns 9,396 shares of the company’s stock worth $606,000 after buying an additional 155 shares during the period. River Wealth Advisors LLC increased its stake in Vanguard FTSE Developed Markets ETF by 1.3% in the 4th quarter. River Wealth Advisors LLC now owns 12,143 shares of the company’s stock worth $759,000 after buying an additional 161 shares in the last quarter. Belpointe Asset Management LLC increased its stake in Vanguard FTSE Developed Markets ETF by 0.5% in the 4th quarter. Belpointe Asset Management LLC now owns 34,529 shares of the company’s stock worth $2,157,000 after buying an additional 162 shares in the last quarter. Finally, Spire Wealth Management increased its stake in Vanguard FTSE Developed Markets ETF by 0.6% in the 4th quarter. Spire Wealth Management now owns 27,194 shares of the company’s stock worth $1,699,000 after buying an additional 163 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Up 0.5%

NYSEARCA:VEA opened at $71.25 on Wednesday. The business’s 50-day simple moving average is $70.35 and its two-hundred day simple moving average is $67.25. Vanguard FTSE Developed Markets ETF has a 52 week low of $55.68 and a 52 week high of $73.23. The stock has a market cap of $228.52 billion, a PE ratio of 16.34 and a beta of 0.83.

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.