Lane Brothers & Co. Inc. Takes $7.13 Million Position in Vanguard FTSE Developed Markets ETF $VEA

Lane Brothers & Co. Inc. acquired a new position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 114,108 shares of the company’s stock, valued at approximately $7,128,000. Vanguard FTSE Developed Markets ETF comprises about 5.2% of Lane Brothers & Co. Inc.’s portfolio, making the stock its 5th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VEA. Bank of America Corp DE lifted its stake in Vanguard FTSE Developed Markets ETF by 2.1% during the fourth quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock worth $12,853,704,000 after purchasing an additional 4,289,361 shares during the last quarter. Betterment LLC boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 0.8% in the 4th quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock worth $8,657,615,000 after purchasing an additional 1,140,627 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 44.0% in the 4th quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock worth $5,652,975,000 after purchasing an additional 27,650,637 shares in the last quarter. Auto Owners Insurance Co increased its position in shares of Vanguard FTSE Developed Markets ETF by 6,941.5% during the 4th quarter. Auto Owners Insurance Co now owns 73,636,513 shares of the company’s stock valued at $4,600,073,000 after purchasing an additional 72,590,763 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Vanguard FTSE Developed Markets ETF by 1.3% during the 4th quarter. Wells Fargo & Company MN now owns 64,314,341 shares of the company’s stock valued at $4,017,717,000 after purchasing an additional 848,196 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of NYSEARCA VEA opened at $72.31 on Friday. The stock has a market cap of $231.92 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 1-year low of $54.63 and a 1-year high of $73.23. The stock’s 50-day moving average is $70.01 and its 200 day moving average is $66.77.

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.