Brindle & Bay Financial Advisors LLC Makes New Investment in Vanguard FTSE Developed Markets ETF $VEA

Brindle & Bay Financial Advisors LLC purchased a new stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 246,596 shares of the company’s stock, valued at approximately $15,405,000. Vanguard FTSE Developed Markets ETF accounts for 10.3% of Brindle & Bay Financial Advisors LLC’s investment portfolio, making the stock its 2nd biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nova Wealth Management Inc. increased its position in shares of Vanguard FTSE Developed Markets ETF by 151.5% in the fourth quarter. Nova Wealth Management Inc. now owns 420 shares of the company’s stock valued at $26,000 after acquiring an additional 253 shares during the last quarter. GGM Financials LLC acquired a new stake in shares of Vanguard FTSE Developed Markets ETF in the third quarter valued at about $27,000. Ulland Investment Advisors LLC increased its position in shares of Vanguard FTSE Developed Markets ETF by 75.6% in the third quarter. Ulland Investment Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after acquiring an additional 242 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in shares of Vanguard FTSE Developed Markets ETF in the third quarter valued at about $37,000. Finally, Quaker Wealth Management LLC increased its position in shares of Vanguard FTSE Developed Markets ETF by 7,637.5% in the fourth quarter. Quaker Wealth Management LLC now owns 619 shares of the company’s stock valued at $39,000 after acquiring an additional 611 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

NYSEARCA:VEA opened at $68.14 on Friday. The stock’s 50-day simple moving average is $66.59 and its 200 day simple moving average is $64.17. The company has a market cap of $218.54 billion, a P/E ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 52-week low of $52.08 and a 52-week high of $70.55.

About Vanguard FTSE Developed Markets ETF

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.