Meridian Wealth Management LLC Makes New Investment in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Meridian Wealth Management LLC purchased a new stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the third quarter, Holdings Channel.com reports. The firm purchased 59,105 shares of the company’s stock, valued at approximately $3,121,000.

A number of other hedge funds have also recently bought and sold shares of VEA. 1832 Asset Management L.P. raised its stake in Vanguard FTSE Developed Markets ETF by 29.5% during the first quarter. 1832 Asset Management L.P. now owns 8,778 shares of the company’s stock valued at $440,000 after buying an additional 2,000 shares in the last quarter. LRI Investments LLC bought a new position in Vanguard FTSE Developed Markets ETF during the first quarter worth $40,000. Beaird Harris Wealth Management LLC boosted its holdings in Vanguard FTSE Developed Markets ETF by 5.8% in the first quarter. Beaird Harris Wealth Management LLC now owns 546,022 shares of the company’s stock worth $27,394,000 after purchasing an additional 29,881 shares during the period. Waterford Advisors LLC increased its stake in Vanguard FTSE Developed Markets ETF by 4.1% during the first quarter. Waterford Advisors LLC now owns 324,285 shares of the company’s stock valued at $16,269,000 after purchasing an additional 12,852 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 11.2% during the first quarter. Captrust Financial Advisors now owns 13,623,720 shares of the company’s stock worth $683,502,000 after purchasing an additional 1,371,470 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Performance

Vanguard FTSE Developed Markets ETF stock opened at $49.50 on Friday. Vanguard FTSE Developed Markets ETF has a 1 year low of $45.65 and a 1 year high of $53.40. The firm’s 50-day moving average is $51.09 and its 200-day moving average is $50.68. The company has a market cap of $129.69 billion, a P/E ratio of 13.32 and a beta of 0.88.

Vanguard FTSE Developed Markets ETF 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.