Envestnet Portfolio Solutions Inc. Sells 1,208,581 Shares of Vanguard FTSE Developed Markets ETF $VEA

Envestnet Portfolio Solutions Inc. reduced its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 9.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,789,506 shares of the company’s stock after selling 1,208,581 shares during the quarter. Vanguard FTSE Developed Markets ETF makes up about 2.5% of Envestnet Portfolio Solutions Inc.’s investment portfolio, making the stock its 8th biggest holding. Envestnet Portfolio Solutions Inc. owned approximately 0.41% of Vanguard FTSE Developed Markets ETF worth $672,120,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VEA. Kessler Investment Group LLC bought a new stake in Vanguard FTSE Developed Markets ETF in the first quarter valued at about $26,000. von Borstel & Associates Inc. acquired a new stake in shares of Vanguard FTSE Developed Markets ETF during the 1st quarter worth approximately $26,000. Financial Network Wealth Advisors LLC acquired a new stake in shares of Vanguard FTSE Developed Markets ETF during the 1st quarter worth approximately $26,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Vanguard FTSE Developed Markets ETF during the 1st quarter worth approximately $28,000. Finally, Nemes Rush Group LLC raised its position in shares of Vanguard FTSE Developed Markets ETF by 236.5% during the 1st quarter. Nemes Rush Group LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 402 shares during the period.

Vanguard FTSE Developed Markets ETF Trading Down 1.9%

Shares of Vanguard FTSE Developed Markets ETF stock opened at $59.18 on Monday. The business’s 50 day simple moving average is $59.22 and its 200-day simple moving average is $56.01. The stock has a market capitalization of $176.33 billion, a price-to-earnings ratio of 16.34 and a beta of 0.89. Vanguard FTSE Developed Markets ETF has a twelve month low of $45.14 and a twelve month high of $61.32.

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.