Beacon Investment Advisory Services Inc. Buys 49,108 Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Beacon Investment Advisory Services Inc. raised its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 7.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 687,880 shares of the company’s stock after buying an additional 49,108 shares during the period. Vanguard FTSE Developed Markets ETF comprises approximately 1.4% of Beacon Investment Advisory Services Inc.’s holdings, making the stock its 20th largest position. Beacon Investment Advisory Services Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $32,894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbelt Securities Inc. raised its position in Vanguard FTSE Developed Markets ETF by 1.8% in the second quarter. Sunbelt Securities Inc. now owns 11,686 shares of the company’s stock worth $578,000 after acquiring an additional 205 shares during the period. Patriot Financial Group Insurance Agency LLC increased its position in Vanguard FTSE Developed Markets ETF by 0.3% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 65,927 shares of the company’s stock worth $3,482,000 after buying an additional 205 shares in the last quarter. Optimum Investment Advisors boosted its position in shares of Vanguard FTSE Developed Markets ETF by 1.7% in the third quarter. Optimum Investment Advisors now owns 12,644 shares of the company’s stock worth $668,000 after purchasing an additional 207 shares during the period. Olistico Wealth LLC increased its stake in shares of Vanguard FTSE Developed Markets ETF by 13.9% in the third quarter. Olistico Wealth LLC now owns 1,708 shares of the company’s stock worth $90,000 after purchasing an additional 208 shares in the last quarter. Finally, MTM Investment Management LLC raised its position in shares of Vanguard FTSE Developed Markets ETF by 1.5% during the 3rd quarter. MTM Investment Management LLC now owns 14,238 shares of the company’s stock valued at $743,000 after purchasing an additional 208 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Performance

VEA opened at $49.40 on Thursday. The stock has a market cap of $129.43 billion, a price-to-earnings ratio of 13.32 and a beta of 0.88. The firm’s fifty day moving average is $49.00 and its 200 day moving average is $50.29. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $46.60 and a fifty-two week high of $53.40.

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.