Salem Investment Counselors Inc. Sells 431 Shares of Vanguard FTSE Developed Markets ETF $VEA

by · The Cerbat Gem

Salem Investment Counselors Inc. lessened its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA – Free Report) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,749 shares of the company’s stock after selling 431 shares during the period. Salem Investment Counselors Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its position in shares of Vanguard FTSE Developed Markets ETF by 0.7% during the first quarter. Envestnet Asset Management Inc. now owns 98,747,918 shares of the company’s stock valued at $5,019,357,000 after buying an additional 660,028 shares during the period. Wealthfront Advisers LLC raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 3.0% during the first quarter. Wealthfront Advisers LLC now owns 60,371,395 shares of the company’s stock valued at $3,068,678,000 after purchasing an additional 1,778,345 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 3.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 59,628,214 shares of the company’s stock valued at $3,030,902,000 after purchasing an additional 1,840,640 shares during the last quarter. WealthNavi Inc. raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 0.7% during the first quarter. WealthNavi Inc. now owns 49,789,539 shares of the company’s stock valued at $2,530,802,000 after purchasing an additional 362,543 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 3.5% during the first quarter. Northern Trust Corp now owns 42,599,905 shares of the company’s stock valued at $2,165,353,000 after purchasing an additional 1,425,051 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Trading Down 0.4%

Shares of NYSEARCA VEA opened at $59.82 on Monday. The firm has a 50 day moving average of $57.99 and a 200 day moving average of $54.88. The firm has a market capitalization of $171.87 billion, a price-to-earnings ratio of 16.34 and a beta of 0.89. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.14 and a 12-month high of $60.09.

About Vanguard FTSE Developed Markets ETF

(Free Report)

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.

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