Sovereign Financial Group Inc. Acquires 17,905 Shares of Vanguard FTSE Developed Markets ETF $VEA

Sovereign Financial Group Inc. raised its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 3.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 533,080 shares of the company’s stock after purchasing an additional 17,905 shares during the period. Vanguard FTSE Developed Markets ETF accounts for approximately 5.9% of Sovereign Financial Group Inc.’s investment portfolio, making the stock its largest holding. Sovereign Financial Group Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $34,160,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in shares of Vanguard FTSE Developed Markets ETF by 2.1% during the 4th quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock worth $12,853,704,000 after purchasing an additional 4,289,361 shares in the last quarter. Betterment LLC lifted its stake in Vanguard FTSE Developed Markets ETF by 0.8% in the 4th quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock valued at $8,657,615,000 after buying an additional 1,140,627 shares in the last quarter. Morgan Stanley lifted its stake in Vanguard FTSE Developed Markets ETF by 44.0% in the 4th quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock valued at $5,652,975,000 after buying an additional 27,650,637 shares in the last quarter. Auto Owners Insurance Co grew its holdings in Vanguard FTSE Developed Markets ETF by 6,941.5% during the 4th quarter. Auto Owners Insurance Co now owns 73,636,513 shares of the company’s stock valued at $4,600,073,000 after buying an additional 72,590,763 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Vanguard FTSE Developed Markets ETF by 1.3% during the 4th quarter. Wells Fargo & Company MN now owns 64,314,341 shares of the company’s stock valued at $4,017,717,000 after buying an additional 848,196 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

Vanguard FTSE Developed Markets ETF stock opened at $72.39 on Tuesday. The stock has a fifty day moving average of $70.10 and a two-hundred day moving average of $66.88. The company has a market capitalization of $232.17 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $54.63 and a fifty-two week high of $73.23.

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.