Sax Wealth Advisors LLC Decreases Stock Position in Vanguard FTSE Developed Markets ETF $VEA

Sax Wealth Advisors LLC cut its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 9.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 65,794 shares of the company’s stock after selling 7,188 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $3,751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 0.7% in 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 purchasing an additional 660,028 shares during the period. Wealthfront Advisers LLC raised its holdings in Vanguard FTSE Developed Markets ETF by 3.0% in the first quarter. Wealthfront Advisers LLC now owns 60,371,395 shares of the company’s stock valued at $3,068,678,000 after acquiring an additional 1,778,345 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Vanguard FTSE Developed Markets ETF by 3.2% in 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 acquiring an additional 1,840,640 shares in the last quarter. Northern Trust Corp raised its holdings in Vanguard FTSE Developed Markets ETF by 3.5% in the first quarter. Northern Trust Corp now owns 42,599,905 shares of the company’s stock valued at $2,165,353,000 after acquiring an additional 1,425,051 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in Vanguard FTSE Developed Markets ETF by 110.7% in the first quarter. Wealthspire Advisors LLC now owns 22,514,780 shares of the company’s stock valued at $1,144,426,000 after acquiring an additional 11,830,891 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Price Performance

VEA opened at $60.65 on Wednesday. The stock has a market capitalization of $178.27 billion, a PE ratio of 16.34 and a beta of 0.89. The firm’s fifty day moving average price is $58.99 and its 200 day moving average price is $55.81. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.14 and a 12-month high of $61.32.

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.