BIP Wealth LLC Grows Position in Vanguard FTSE Developed Markets ETF $VEA

BIP Wealth LLC boosted its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 2,654.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 509,145 shares of the company’s stock after purchasing an additional 490,659 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises about 1.1% of BIP Wealth LLC’s holdings, making the stock its 11th largest position. BIP Wealth LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $30,508,000 at the end of the most recent reporting period.

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

Vanguard FTSE Developed Markets ETF Price Performance

VEA opened at $65.01 on Thursday. The stock has a market capitalization of $201.38 billion, a PE ratio of 16.34 and a beta of 0.87. The firm’s fifty day moving average price is $62.48 and its 200 day moving average price is $60.33. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.14 and a 12-month high of $65.19.

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.