Efficient Frontier Advisors LLC Invests $285,000 in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Efficient Frontier Advisors LLC acquired a new position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,599 shares of the company’s stock, valued at approximately $285,000. Vanguard FTSE Developed Markets ETF accounts for approximately 0.2% of Efficient Frontier Advisors LLC’s portfolio, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VEA. Brooklyn FI LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 6,702.3% during the fourth quarter. Brooklyn FI LLC now owns 35,997,541 shares of the company’s stock valued at $1,806,348,000 after buying an additional 35,468,345 shares during the last quarter. Raymond James Financial Inc. bought a new position in Vanguard FTSE Developed Markets ETF during the fourth quarter valued at approximately $563,154,000. Bank of America Corp DE boosted its stake in Vanguard FTSE Developed Markets ETF by 6.6% during 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 buying an additional 10,807,527 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 5,780.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 10,808,939 shares of the company’s stock valued at $516,883,000 after buying an additional 10,625,142 shares during the last quarter. Finally, Betterment LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 8.0% during the fourth quarter. Betterment LLC now owns 137,485,176 shares of the company’s stock valued at $6,574,541,000 after buying an additional 10,132,168 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Trading Up 0.4%

Shares of Vanguard FTSE Developed Markets ETF stock opened at $55.51 on Friday. The stock has a 50 day moving average of $52.01 and a 200 day moving average of $50.70. Vanguard FTSE Developed Markets ETF has a 12 month low of $45.14 and a 12 month high of $55.90. The firm has a market cap of $158.20 billion, a PE ratio of 16.25 and a beta of 0.88.

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.