Linscomb Wealth Inc. Cuts Stock Position in Vanguard FTSE Developed Markets ETF $VEA

Linscomb Wealth Inc. decreased its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 4.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 3,728,468 shares of the company’s stock after selling 168,360 shares during the quarter. Vanguard FTSE Developed Markets ETF makes up 11.5% of Linscomb Wealth Inc.’s holdings, making the stock its 2nd largest holding. Linscomb Wealth Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $265,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cambiar Investors LLC boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 205.2% in the 2nd quarter. Cambiar Investors LLC now owns 11,727 shares of the company’s stock valued at $836,000 after buying an additional 7,884 shares during the last quarter. Rossmore Private Capital grew its stake in shares of Vanguard FTSE Developed Markets ETF by 2.6% in the second quarter. Rossmore Private Capital now owns 396,688 shares of the company’s stock valued at $28,264,000 after buying an additional 9,905 shares in the last quarter. Integrated Capital Management LLC increased its holdings in Vanguard FTSE Developed Markets ETF by 27.1% during the second quarter. Integrated Capital Management LLC now owns 237,724 shares of the company’s stock worth $16,938,000 after buying an additional 50,669 shares during the last quarter. Associated Banc Corp increased its holdings in Vanguard FTSE Developed Markets ETF by 0.6% during the second quarter. Associated Banc Corp now owns 211,295 shares of the company’s stock worth $15,055,000 after buying an additional 1,279 shares during the last quarter. Finally, JHP Wealth Management LLC raised its position in Vanguard FTSE Developed Markets ETF by 6.1% during the second quarter. JHP Wealth Management LLC now owns 130,399 shares of the company’s stock worth $9,291,000 after acquiring an additional 7,442 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of VEA stock opened at $72.39 on Wednesday. The stock has a market cap of $234.54 billion, a P/E ratio of 16.34 and a beta of 0.83. The company has a fifty day moving average price of $71.19 and a two-hundred day moving average price of $69.05. Vanguard FTSE Developed Markets ETF has a one year low of $57.81 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.