Pinnacle Associates Ltd. Trims Stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Pinnacle Associates Ltd. decreased its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 2.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,550 shares of the company’s stock after selling 12,158 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Vanguard FTSE Developed Markets ETF were worth $21,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Transcendent Capital Group LLC boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 101.2% in the second quarter. Transcendent Capital Group LLC now owns 509 shares of the company’s stock valued at $25,000 after acquiring an additional 256 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in Vanguard FTSE Developed Markets ETF in the second quarter valued at about $31,000. LRI Investments LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the first quarter valued at $39,000. First Command Advisory Services Inc. increased its stake in shares of Vanguard FTSE Developed Markets ETF by 379.3% in the second quarter. First Command Advisory Services Inc. now owns 786 shares of the company’s stock worth $39,000 after buying an additional 622 shares during the last quarter. Finally, Gleason Group Inc. grew its position in shares of Vanguard FTSE Developed Markets ETF by 201.4% in the 2nd quarter. Gleason Group Inc. now owns 856 shares of the company’s stock worth $42,000 after acquiring an additional 572 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Up 0.3 %

Vanguard FTSE Developed Markets ETF stock traded up $0.17 during mid-day trading on Friday, hitting $52.39. 5,128,915 shares of the company’s stock traded hands, compared to its average volume of 9,868,435. The company has a market cap of $137.26 billion, a PE ratio of 13.32 and a beta of 0.88. The firm has a 50 day moving average price of $50.32 and a 200 day moving average price of $49.84. Vanguard FTSE Developed Markets ETF has a one year low of $41.48 and a one year high of $52.54.

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.