Wealth Management Strategies Inc. Takes $12.82 Million Position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Wealth Management Strategies Inc. bought a new stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) during the fourth quarter, Holdings Channel.com reports. The fund bought 268,054 shares of the company’s stock, valued at approximately $12,818,000. Vanguard FTSE Developed Markets ETF makes up about 9.8% of Wealth Management Strategies Inc.’s portfolio, making the stock its 3rd largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VEA. Bank of America Corp DE boosted its stake in Vanguard FTSE Developed Markets ETF by 6.6% in the fourth quarter. Bank of America Corp DE now owns 175,393,114 shares of the company’s stock valued at $8,387,299,000 after acquiring an additional 10,807,527 shares in the last quarter. Betterment LLC lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 8.0% in the 4th quarter. Betterment LLC now owns 137,485,176 shares of the company’s stock valued at $6,574,541,000 after purchasing an additional 10,132,168 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Vanguard FTSE Developed Markets ETF by 1.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 98,087,890 shares of the company’s stock valued at $4,690,563,000 after purchasing an additional 1,599,089 shares during the period. Wells Fargo & Company MN grew its stake in Vanguard FTSE Developed Markets ETF by 4.0% during the 4th quarter. Wells Fargo & Company MN now owns 65,258,786 shares of the company’s stock worth $3,120,675,000 after buying an additional 2,488,154 shares during the last quarter. Finally, WealthNavi Inc. grew its stake in Vanguard FTSE Developed Markets ETF by 7.2% during the 4th quarter. WealthNavi Inc. now owns 49,426,996 shares of the company’s stock worth $2,363,599,000 after buying an additional 3,331,395 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Up 0.3%

VEA opened at $55.03 on Friday. Vanguard FTSE Developed Markets ETF has a 52 week low of $45.14 and a 52 week high of $55.45. The business’s 50 day moving average is $51.77 and its two-hundred day moving average is $50.56. The firm has a market cap of $156.84 billion, a price-to-earnings ratio of 16.25 and a beta of 0.88.

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.