Evergreen Capital Management LLC Lowers Stock Position in Vanguard FTSE Developed Markets ETF $VEA

Evergreen Capital Management LLC trimmed its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 17.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,485 shares of the company’s stock after selling 13,760 shares during the period. Evergreen Capital Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $3,864,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VEA. IFS Advisors LLC purchased a new position in Vanguard FTSE Developed Markets ETF in the second quarter worth $35,000. Armstrong Advisory Group Inc. grew its stake in shares of Vanguard FTSE Developed Markets ETF by 210.1% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 831 shares of the company’s stock worth $47,000 after purchasing an additional 563 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF during the 2nd quarter worth $48,000. Kilter Group LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the 2nd quarter valued at about $49,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Vanguard FTSE Developed Markets ETF in the second quarter valued at about $52,000.

Vanguard FTSE Developed Markets ETF Trading Up 0.3%

VEA stock opened at $65.14 on Friday. The firm has a 50 day moving average of $62.29 and a 200-day moving average of $60.17. The company has a market cap of $201.78 billion, a price-to-earnings ratio of 16.34 and a beta of 0.87. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.14 and a 12-month high of $65.18.

Vanguard FTSE Developed Markets ETF Company 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.