Montecito Bank & Trust Cuts Position in Vanguard FTSE Developed Markets ETF $VEA

Montecito Bank & Trust decreased its position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 13.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,032 shares of the company’s stock after selling 7,256 shares during the period. Montecito Bank & Trust’s holdings in Vanguard FTSE Developed Markets ETF were worth $3,078,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. increased its position in shares of Vanguard FTSE Developed Markets ETF by 151.5% during the 4th quarter. Nova Wealth Management Inc. now owns 420 shares of the company’s stock valued at $26,000 after purchasing an additional 253 shares during the last quarter. GGM Financials LLC bought a new stake in Vanguard FTSE Developed Markets ETF in the 3rd quarter worth approximately $27,000. Ulland Investment Advisors LLC lifted its position in Vanguard FTSE Developed Markets ETF by 75.6% in the 3rd quarter. Ulland Investment Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after buying an additional 242 shares during the last quarter. Strategic Wealth Advisors LLC bought a new stake in Vanguard FTSE Developed Markets ETF in the 4th quarter worth approximately $35,000. Finally, Quaker Wealth Management LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 7,637.5% in the fourth quarter. Quaker Wealth Management LLC now owns 619 shares of the company’s stock worth $39,000 after buying an additional 611 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of NYSEARCA VEA opened at $72.31 on Friday. Vanguard FTSE Developed Markets ETF has a one year low of $54.63 and a one year high of $73.23. The firm’s 50 day simple moving average is $70.01 and its two-hundred day simple moving average is $66.77. The stock has a market capitalization of $231.92 billion, a P/E ratio of 16.34 and a beta of 0.83.

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.