Jacobsen Capital Management Reduces Position in Vanguard FTSE Developed Markets ETF $VEA

Jacobsen Capital Management trimmed its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 13.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 874,716 shares of the company’s stock after selling 140,060 shares during the period. Vanguard FTSE Developed Markets ETF comprises 18.9% of Jacobsen Capital Management’s holdings, making the stock its biggest position. Jacobsen Capital Management’s holdings in Vanguard FTSE Developed Markets ETF were worth $56,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in VEA. Bank of America Corp DE raised its stake in Vanguard FTSE Developed Markets ETF by 2.1% in the 4th quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock valued at $12,853,704,000 after acquiring an additional 4,289,361 shares during the period. Betterment LLC lifted its holdings in Vanguard FTSE Developed Markets ETF by 0.8% during the 4th quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock valued at $8,657,615,000 after purchasing an additional 1,140,627 shares during the last quarter. Morgan Stanley boosted its position in Vanguard FTSE Developed Markets ETF by 44.0% during the fourth 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 during the period. Auto Owners Insurance Co boosted its position in Vanguard FTSE Developed Markets ETF by 6,941.5% during the fourth quarter. Auto Owners Insurance Co now owns 73,636,513 shares of the company’s stock worth $4,600,073,000 after purchasing an additional 72,590,763 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.3% in the fourth 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 Price Performance

Shares of VEA opened at $70.36 on Thursday. The firm has a market capitalization of $226.43 billion, a PE ratio of 16.34 and a beta of 0.83. The company’s 50-day moving average is $70.37 and its 200-day moving average is $67.30. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $55.68 and a fifty-two week high of $73.23.

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.