Summitas Investment Management LLC Takes Position in Vanguard FTSE Developed Markets ETF $VEA

Summitas Investment Management LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 109,113 shares of the company’s stock, valued at approximately $6,992,000. Vanguard FTSE Developed Markets ETF comprises 5.5% of Summitas Investment Management LLC’s investment portfolio, making the stock its 5th largest holding.

Several other institutional investors also recently modified their holdings of VEA. Nova Wealth Management Inc. increased its position in Vanguard FTSE Developed Markets ETF by 151.5% during the fourth quarter. Nova Wealth Management Inc. now owns 420 shares of the company’s stock worth $26,000 after buying an additional 253 shares during the last quarter. Strategic Wealth Advisors LLC acquired a new stake in shares of Vanguard FTSE Developed Markets ETF in the fourth quarter valued at approximately $35,000. Quaker Wealth Management LLC lifted its position in shares of Vanguard FTSE Developed Markets ETF by 7,637.5% in the fourth quarter. Quaker Wealth Management LLC now owns 619 shares of the company’s stock valued at $39,000 after buying an additional 611 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of Vanguard FTSE Developed Markets ETF during the 1st quarter worth approximately $40,000. Finally, Strategic Advocates LLC boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 66.1% during the 4th quarter. Strategic Advocates LLC now owns 623 shares of the company’s stock worth $39,000 after acquiring an additional 248 shares during the period.

Vanguard FTSE Developed Markets ETF Trading Up 1.8%

VEA stock opened at $70.47 on Wednesday. The firm has a market capitalization of $228.32 billion, a PE ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 1-year low of $55.68 and a 1-year high of $73.23. The business’s 50 day simple moving average is $70.82 and its 200 day simple moving average is $68.09.

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.