Kropog Financial Group LLC Takes Position in Vanguard FTSE Developed Markets ETF $VEA

Kropog Financial Group LLC purchased a new position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the first quarter, Holdings Channel reports. The fund purchased 34,479 shares of the company’s stock, valued at approximately $2,209,000. Vanguard FTSE Developed Markets ETF comprises about 1.8% of Kropog Financial Group LLC’s holdings, making the stock its 10th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Vanguard FTSE Developed Markets ETF by 2.1% in the fourth quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock valued at $12,853,704,000 after purchasing an additional 4,289,361 shares in the last quarter. Betterment LLC increased its stake in Vanguard FTSE Developed Markets ETF by 0.8% in the fourth quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock valued at $8,657,615,000 after purchasing an additional 1,140,627 shares during the period. Morgan Stanley increased its position in Vanguard FTSE Developed Markets ETF by 44.0% in the 4th quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock valued at $5,652,975,000 after acquiring an additional 27,650,637 shares during the period. Auto Owners Insurance Co raised its stake in shares of 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 worth $4,600,073,000 after purchasing an additional 72,590,763 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Vanguard FTSE Developed Markets ETF by 1.3% during the 4th quarter. Wells Fargo & Company MN now owns 64,314,341 shares of the company’s stock worth $4,017,717,000 after buying an additional 848,196 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Down 1.2%

Shares of NYSEARCA:VEA opened at $70.36 on Thursday. The company has a 50-day moving average price of $70.37 and a 200 day moving average price of $67.30. The company has a market cap of $226.43 billion, a P/E ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 52 week low of $55.68 and a 52 week high of $73.23.

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.