Fort Point Capital Partners LLC Raises Stake in Vanguard FTSE Developed Markets ETF $VEA

Fort Point Capital Partners LLC boosted its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,041 shares of the company’s stock after acquiring an additional 58,250 shares during the period. Vanguard FTSE Developed Markets ETF comprises about 2.7% of Fort Point Capital Partners LLC’s portfolio, making the stock its 7th largest position. Fort Point Capital Partners LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $24,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Generations Wealth LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF in the 4th quarter valued at about $2,037,000. Glen Eagle Advisors LLC boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 15.6% in the 4th quarter. Glen Eagle Advisors LLC now owns 4,462 shares of the company’s stock valued at $279,000 after buying an additional 603 shares in the last quarter. KCM Investment Advisors LLC boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.8% in the 4th quarter. KCM Investment Advisors LLC now owns 23,705 shares of the company’s stock valued at $1,481,000 after buying an additional 425 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF in the 4th quarter valued at about $39,000. Finally, Destination Wealth Management boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 11.2% in the 4th quarter. Destination Wealth Management now owns 28,515 shares of the company’s stock valued at $1,781,000 after buying an additional 2,872 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

NYSEARCA:VEA opened at $71.55 on Friday. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $54.63 and a fifty-two week high of $72.32. The stock has a market capitalization of $229.48 billion, a P/E ratio of 16.34 and a beta of 0.83. The company’s 50-day simple moving average is $69.33 and its 200-day simple moving average is $66.37.

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.