Destination Wealth Management Invests $333,000 in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Destination Wealth Management acquired a new stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,310 shares of the company’s stock, valued at approximately $333,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC grew its position in shares of Vanguard FTSE Developed Markets ETF by 6,005.9% in the second quarter. Strategic Financial Concepts LLC now owns 8,308,691 shares of the company’s stock valued at $410,616,000 after purchasing an additional 8,172,614 shares during the last quarter. Creative Planning grew its holdings in Vanguard FTSE Developed Markets ETF by 4.9% during the 2nd quarter. Creative Planning now owns 139,777,262 shares of the company’s stock valued at $6,907,792,000 after buying an additional 6,565,775 shares during the last quarter. WealthNavi Inc. grew its holdings in Vanguard FTSE Developed Markets ETF by 5.6% during the 3rd quarter. WealthNavi Inc. now owns 46,095,601 shares of the company’s stock valued at $2,434,309,000 after buying an additional 2,436,012 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Vanguard FTSE Developed Markets ETF by 4.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 50,962,305 shares of the company’s stock worth $2,518,573,000 after buying an additional 2,402,484 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 10.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 19,366,592 shares of the company’s stock worth $948,309,000 after acquiring an additional 1,860,937 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Down 0.9 %

Shares of NYSEARCA:VEA opened at $50.12 on Friday. The company has a market capitalization of $131.31 billion, a P/E ratio of 13.32 and a beta of 0.88. Vanguard FTSE Developed Markets ETF has a 52-week low of $45.91 and a 52-week high of $53.40. The stock’s fifty day simple moving average is $50.51 and its 200-day simple moving average is $50.64.

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.