Vanguard FTSE Developed Markets ETF $VEA Stock: Novem Group Grows Stake

Novem Group boosted its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 114.8% in the 3rd quarter, Holdings Channel reports. The firm owned 81,876 shares of the company’s stock after buying an additional 43,757 shares during the period. Novem Group’s holdings in Vanguard FTSE Developed Markets ETF were worth $5,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its position in Vanguard FTSE Developed Markets ETF by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 88,111,242 shares of the company’s stock worth $6,277,926,000 after buying an additional 2,039,805 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Vanguard FTSE Developed Markets ETF by 4.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,823,471 shares of the company’s stock valued at $4,761,172,000 after acquiring an additional 2,675,380 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Vanguard FTSE Developed Markets ETF by 11.9% during the 1st quarter. Royal Bank of Canada now owns 47,313,421 shares of the company’s stock valued at $3,031,844,000 after acquiring an additional 5,041,973 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Vanguard FTSE Developed Markets ETF by 4.5% during the 2nd quarter. Baird Financial Group Inc. now owns 22,461,369 shares of the company’s stock valued at $1,600,373,000 after acquiring an additional 977,255 shares during the last quarter. Finally, Facet Wealth Inc. lifted its position in shares of Vanguard FTSE Developed Markets ETF by 11.2% during the 2nd quarter. Facet Wealth Inc. now owns 15,511,173 shares of the company’s stock valued at $1,105,171,000 after acquiring an additional 1,558,357 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of VEA traded down $0.13 during trading hours on Monday, hitting $69.36. 6,661,889 shares of the company were exchanged, compared to its average volume of 13,992,897. The company has a market capitalization of $227.42 billion, a PE ratio of 16.34 and a beta of 0.84. The firm has a fifty day simple moving average of $71.94 and a 200-day simple moving average of $70.68. Vanguard FTSE Developed Markets ETF has a one year low of $58.88 and a one year high of $74.04.

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.