Summit Global Investments Purchases 162,450 Shares of Vanguard FTSE Developed Markets ETF $VEA

Summit Global Investments raised its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 814.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 182,398 shares of the company’s stock after purchasing an additional 162,450 shares during the period. Vanguard FTSE Developed Markets ETF makes up 0.7% of Summit Global Investments’ investment portfolio, making the stock its 16th biggest holding. Summit Global Investments’ holdings in Vanguard FTSE Developed Markets ETF were worth $11,688,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Buck Wealth Strategies LLC raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 16.3% in the fourth quarter. Buck Wealth Strategies LLC now owns 364,560 shares of the company’s stock valued at $22,774,000 after purchasing an additional 51,187 shares during the last quarter. Chesley Taft & Associates LLC lifted its position in shares of Vanguard FTSE Developed Markets ETF by 13.9% in the fourth quarter. Chesley Taft & Associates LLC now owns 331,150 shares of the company’s stock worth $20,687,000 after purchasing an additional 40,482 shares in the last quarter. Green Ridge Wealth Planning LLC acquired a new position in Vanguard FTSE Developed Markets ETF during the fourth quarter worth $15,031,000. Root Financial Partners LLC boosted its holdings in Vanguard FTSE Developed Markets ETF by 27.1% during the fourth quarter. Root Financial Partners LLC now owns 97,303 shares of the company’s stock worth $6,079,000 after purchasing an additional 20,769 shares during the last quarter. Finally, Verus Advisory Inc. acquired a new position in Vanguard FTSE Developed Markets ETF during the fourth quarter worth $9,561,000.

Vanguard FTSE Developed Markets ETF Trading Down 0.7%

Vanguard FTSE Developed Markets ETF stock opened at $69.23 on Tuesday. Vanguard FTSE Developed Markets ETF has a 1-year low of $55.68 and a 1-year high of $73.23. The company has a fifty day simple moving average of $70.81 and a 200 day simple moving average of $68.04. The company has a market cap of $224.30 billion, a P/E ratio of 16.34 and a beta of 0.83.

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.