TrustBank Purchases Shares of 384,629 Vanguard FTSE Developed Markets ETF $VEA

by · The Cerbat Gem

TrustBank purchased a new stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEAFree Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 384,629 shares of the company’s stock, valued at approximately $24,028,000. Vanguard FTSE Developed Markets ETF accounts for about 10.0% of TrustBank’s holdings, making the stock its 2nd largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Nova Wealth Management Inc. boosted its stake in Vanguard FTSE Developed Markets ETF by 151.5% during the 4th quarter. Nova Wealth Management Inc. now owns 420 shares of the company’s stock valued at $26,000 after purchasing an additional 253 shares during the last quarter. GGM Financials LLC acquired a new position in Vanguard FTSE Developed Markets ETF during the 3rd quarter valued at about $27,000. Ulland Investment Advisors LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 75.6% during the 3rd quarter. Ulland Investment Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after purchasing an additional 242 shares during the last quarter. Strategic Wealth Advisors LLC acquired a new position in Vanguard FTSE Developed Markets ETF during the 4th quarter valued at about $35,000. Finally, Cloud Capital Management LLC acquired a new position in Vanguard FTSE Developed Markets ETF during the 3rd quarter valued at about $37,000.

Vanguard FTSE Developed Markets ETF Stock Performance

VEA stock opened at $71.78 on Wednesday. Vanguard FTSE Developed Markets ETF has a 52-week low of $54.63 and a 52-week high of $71.88. The business has a 50-day simple moving average of $67.42 and a two-hundred day simple moving average of $65.46. The company has a market capitalization of $230.22 billion, a P/E ratio of 16.34 and a beta of 0.83.

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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