Lotus Asset Management LLC Makes New Investment in Vanguard FTSE Developed Markets ETF $VEA

Lotus Asset Management LLC acquired a new stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,399 shares of the company’s stock, valued at approximately $1,026,000. Vanguard FTSE Developed Markets ETF accounts for approximately 0.9% of Lotus Asset Management LLC’s investment portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in 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 valued at $12,853,704,000 after acquiring an additional 4,289,361 shares during the period. Betterment LLC raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 0.8% during the fourth quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock worth $8,657,615,000 after purchasing an additional 1,140,627 shares during the last quarter. Morgan Stanley raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 44.0% during the fourth quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock worth $5,652,975,000 after purchasing an additional 27,650,637 shares during the last quarter. Auto Owners Insurance Co lifted its position in Vanguard FTSE Developed Markets ETF by 6,941.5% during the fourth quarter. Auto Owners Insurance Co now owns 73,636,513 shares of the company’s stock valued at $4,600,073,000 after purchasing an additional 72,590,763 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Vanguard FTSE Developed Markets ETF by 4.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,823,471 shares of the company’s stock valued at $4,761,172,000 after purchasing an additional 2,675,380 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Performance

NYSEARCA:VEA opened at $72.82 on Thursday. The firm’s fifty day moving average is $71.80 and its two-hundred day moving average is $69.66. The firm has a market cap of $235.93 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a one year low of $58.81 and a one year high of $74.04.

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.