Penney Financial LLC Buys 9,339 Shares of Vanguard FTSE Developed Markets ETF $VEA

Penney Financial LLC lifted its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 308,048 shares of the company’s stock after acquiring an additional 9,339 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises about 8.9% of Penney Financial LLC’s investment portfolio, making the stock its 3rd biggest holding. Penney Financial LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $17,562,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kessler Investment Group LLC acquired a new position in Vanguard FTSE Developed Markets ETF in the first quarter worth approximately $26,000. von Borstel & Associates Inc. acquired a new position in Vanguard FTSE Developed Markets ETF in the first quarter worth approximately $26,000. Financial Network Wealth Advisors LLC acquired a new position in Vanguard FTSE Developed Markets ETF in the first quarter worth approximately $26,000. Financial Gravity Asset Management Inc. acquired a new position in Vanguard FTSE Developed Markets ETF in the first quarter worth approximately $28,000. Finally, Nemes Rush Group LLC grew its position in Vanguard FTSE Developed Markets ETF by 236.5% in the first quarter. Nemes Rush Group LLC now owns 572 shares of the company’s stock worth $29,000 after buying an additional 402 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

Vanguard FTSE Developed Markets ETF stock opened at $60.65 on Wednesday. The firm has a market cap of $178.27 billion, a price-to-earnings ratio of 16.34 and a beta of 0.89. Vanguard FTSE Developed Markets ETF has a 1 year low of $45.14 and a 1 year high of $61.32. The firm’s 50 day moving average price is $58.99 and its two-hundred day moving average price is $55.81.

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.