Towerpoint Wealth LLC Boosts Stock Holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Towerpoint Wealth LLC lifted its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,704 shares of the company’s stock after acquiring an additional 4,440 shares during the quarter. Vanguard FTSE Developed Markets ETF accounts for 6.1% of Towerpoint Wealth LLC’s portfolio, making the stock its 4th largest holding. Towerpoint Wealth LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $12,227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of VEA. Creative Planning grew its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.8% during the fourth quarter. Creative Planning now owns 126,420,464 shares of the company’s stock valued at $62,294,000 after buying an additional 2,288,154 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Vanguard FTSE Developed Markets ETF by 3.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 88,753,808 shares of the company’s stock worth $4,251,307,000 after acquiring an additional 3,279,281 shares during the period. Jones Financial Companies Lllp grew its stake in Vanguard FTSE Developed Markets ETF by 2.5% during the 4th quarter. Jones Financial Companies Lllp now owns 78,087,328 shares of the company’s stock valued at $3,740,383,000 after acquiring an additional 1,900,950 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 62,460,928 shares of the company’s stock valued at $2,991,878,000 after purchasing an additional 625,362 shares during the period. Finally, Morgan Stanley lifted its position in shares of Vanguard FTSE Developed Markets ETF by 3.7% in the third quarter. Morgan Stanley now owns 54,759,270 shares of the company’s stock worth $2,394,075,000 after purchasing an additional 1,930,476 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

VEA stock opened at $49.51 on Friday. The stock has a market cap of $129.72 billion, a P/E ratio of 13.32 and a beta of 0.88. The firm has a 50 day simple moving average of $49.93 and a 200 day simple moving average of $48.85. Vanguard FTSE Developed Markets ETF has a 52 week low of $41.48 and a 52 week high of $51.28.

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.