Vanguard FTSE Developed Markets ETF $VEA is Brown Wealth Management LLC’s 3rd Largest Position

Brown Wealth Management LLC increased its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 55.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 363,943 shares of the company’s stock after acquiring an additional 129,574 shares during the period. Vanguard FTSE Developed Markets ETF makes up about 6.0% of Brown Wealth Management LLC’s holdings, making the stock its 3rd largest holding. Brown Wealth Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $22,736,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Betterment LLC grew its position in Vanguard FTSE Developed Markets ETF by 2.5% in the third quarter. Betterment LLC now owns 137,447,739 shares of the company’s stock worth $8,235,869,000 after acquiring an additional 3,364,345 shares during the period. Wealthfront Advisers LLC lifted its stake in Vanguard FTSE Developed Markets ETF by 0.6% during the fourth quarter. Wealthfront Advisers LLC now owns 58,685,582 shares of the company’s stock worth $3,666,088,000 after purchasing an additional 375,614 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Vanguard FTSE Developed Markets ETF by 5.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 58,128,458 shares of the company’s stock worth $3,483,057,000 after purchasing an additional 3,076,786 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Vanguard FTSE Developed Markets ETF by 3.6% during the third quarter. Jones Financial Companies Lllp now owns 51,311,775 shares of the company’s stock worth $3,049,419,000 after purchasing an additional 1,794,331 shares in the last quarter. Finally, WealthNavi Inc. lifted its stake in Vanguard FTSE Developed Markets ETF by 1.5% during the fourth quarter. WealthNavi Inc. now owns 49,538,873 shares of the company’s stock worth $3,094,693,000 after purchasing an additional 741,263 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Down 0.8%

NYSEARCA:VEA opened at $68.99 on Wednesday. The stock’s fifty day moving average is $66.87 and its two-hundred day moving average is $65.12. Vanguard FTSE Developed Markets ETF has a 52 week low of $54.44 and a 52 week high of $71.12. The stock has a market capitalization of $221.27 billion, a price-to-earnings 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.