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

Penobscot Wealth Management grew its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 623,833 shares of the company’s stock after acquiring an additional 30,425 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises approximately 11.8% of Penobscot Wealth Management’s investment portfolio, making the stock its 3rd biggest position. Penobscot Wealth Management’s holdings in Vanguard FTSE Developed Markets ETF were worth $39,975,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Buck Wealth Strategies LLC raised its stake in shares of Vanguard FTSE Developed Markets ETF by 16.3% in the 4th quarter. Buck Wealth Strategies LLC now owns 364,560 shares of the company’s stock valued at $22,774,000 after acquiring an additional 51,187 shares during the period. Chesley Taft & Associates LLC boosted its position in shares of Vanguard FTSE Developed Markets ETF by 13.9% during the 4th quarter. Chesley Taft & Associates LLC now owns 331,150 shares of the company’s stock worth $20,687,000 after purchasing an additional 40,482 shares during the period. Green Ridge Wealth Planning LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF during the 4th quarter worth approximately $15,031,000. Root Financial Partners LLC increased its holdings in Vanguard FTSE Developed Markets ETF by 27.1% in the 4th quarter. Root Financial Partners LLC now owns 97,303 shares of the company’s stock valued at $6,079,000 after purchasing an additional 20,769 shares during the last quarter. Finally, Eastern Bank increased its holdings in Vanguard FTSE Developed Markets ETF by 3.5% in the 4th quarter. Eastern Bank now owns 2,427,295 shares of the company’s stock valued at $151,633,000 after purchasing an additional 81,764 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Up 1.3%

NYSEARCA:VEA opened at $71.16 on Friday. The stock’s fifty day moving average is $70.24 and its two-hundred day moving average is $67.06. Vanguard FTSE Developed Markets ETF has a 52 week low of $55.68 and a 52 week high of $73.23. The stock has a market capitalization of $228.23 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83.

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.