Wells Fargo & Company MN Increases Stock Holdings in Vanguard FTSE Developed Markets ETF $VEA

Wells Fargo & Company MN grew its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 64,314,341 shares of the company’s stock after buying an additional 848,196 shares during the period. Vanguard FTSE Developed Markets ETF comprises 0.7% of Wells Fargo & Company MN’s holdings, making the stock its 19th biggest position. Wells Fargo & Company MN’s holdings in Vanguard FTSE Developed Markets ETF were worth $4,017,717,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in VEA. Mascagni Wealth Management Inc. raised its stake in shares of Vanguard FTSE Developed Markets ETF by 2.1% in the 4th quarter. Mascagni Wealth Management Inc. now owns 7,231 shares of the company’s stock valued at $452,000 after acquiring an additional 152 shares during the period. TL Private Wealth raised its stake in shares of 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 valued at $606,000 after acquiring an additional 155 shares during the period. Belpointe Asset Management LLC raised its stake in shares of 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 valued at $2,157,000 after acquiring an additional 162 shares during the period. Spire Wealth Management increased its stake in Vanguard FTSE Developed Markets ETF by 0.6% during 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 during the period. Finally, Twelve Points Wealth Management LLC increased its stake in Vanguard FTSE Developed Markets ETF by 0.9% during the 4th quarter. Twelve Points Wealth Management LLC now owns 18,902 shares of the company’s stock worth $1,220,000 after buying an additional 166 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Up 0.3%

Shares of VEA opened at $71.55 on Friday. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $54.63 and a fifty-two week high of $72.32. The firm’s 50 day moving average price is $69.33 and its 200 day moving average price is $66.37. The company has a market cap of $229.48 billion, a P/E 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.