Retirement Wealth Solutions LLC Cuts Stake in Vanguard FTSE Developed Markets ETF $VEA

Retirement Wealth Solutions LLC cut its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 3.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 214,420 shares of the company’s stock after selling 6,823 shares during the quarter. Vanguard FTSE Developed Markets ETF accounts for 8.4% of Retirement Wealth Solutions LLC’s portfolio, making the stock its 3rd biggest holding. Retirement Wealth Solutions LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $15,277,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strategic Wealth Advisors LLC bought a new position in Vanguard FTSE Developed Markets ETF in the fourth quarter worth approximately $35,000. First Community Trust NA bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the second quarter valued at approximately $37,000. Tidemark LLC increased its holdings in shares of Vanguard FTSE Developed Markets ETF by 80.9% during the fourth quarter. Tidemark LLC now owns 624 shares of the company’s stock valued at $39,000 after acquiring an additional 279 shares in the last quarter. Strategic Advocates LLC raised its position in shares of Vanguard FTSE Developed Markets ETF by 66.1% during the fourth quarter. Strategic Advocates LLC now owns 623 shares of the company’s stock worth $39,000 after purchasing an additional 248 shares during the period. Finally, Cornerstone Financial Management LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF during the fourth quarter worth approximately $39,000.

Vanguard FTSE Developed Markets ETF Stock Up 1.2%

Shares of VEA opened at $73.44 on Friday. Vanguard FTSE Developed Markets ETF has a 12-month low of $58.37 and a 12-month high of $74.04. The business’s fifty day moving average is $71.59 and its 200 day moving average is $69.53. The stock has a market cap of $237.94 billion, a P/E ratio of 16.34 and a beta of 0.83.

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.