Founders Grove Wealth Partners LLC Invests $25.40 Million in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Founders Grove Wealth Partners LLC acquired a new position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the fourth quarter, Holdings Channel.com reports. The fund acquired 531,217 shares of the company’s stock, valued at approximately $25,403,000. Vanguard FTSE Developed Markets ETF accounts for approximately 7.4% of Founders Grove Wealth Partners LLC’s holdings, making the stock its largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VEA. Silver Lake Advisory LLC purchased a new stake in shares of Vanguard FTSE Developed Markets ETF during the second quarter worth about $7,496,000. Ironwood Wealth Management LLC. raised its position in shares of Vanguard FTSE Developed Markets ETF by 6.4% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 74,598 shares of the company’s stock valued at $3,687,000 after purchasing an additional 4,474 shares during the last quarter. One Capital Management LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 1.1% in the 2nd quarter. One Capital Management LLC now owns 30,406 shares of the company’s stock worth $1,503,000 after purchasing an additional 328 shares in the last quarter. Moors & Cabot Inc. grew its position in Vanguard FTSE Developed Markets ETF by 20.2% during the 2nd quarter. Moors & Cabot Inc. now owns 77,973 shares of the company’s stock worth $3,853,000 after purchasing an additional 13,104 shares during the last quarter. Finally, GDS Wealth Management purchased a new stake in Vanguard FTSE Developed Markets ETF during the 2nd quarter worth approximately $232,000.

Vanguard FTSE Developed Markets ETF Trading Up 0.4 %

NYSEARCA VEA opened at $47.58 on Wednesday. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.91 and a 12-month high of $53.40. The company has a fifty day simple moving average of $49.15 and a two-hundred day simple moving average of $50.34. The stock has a market cap of $124.66 billion, a P/E ratio of 13.32 and a beta of 0.88.

Vanguard FTSE Developed Markets ETF Company 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.