Vanguard FTSE Developed Markets ETF $VEA Stake Cut by Kaydan Wealth Management Inc.

Kaydan Wealth Management Inc. lessened its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 49.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 227,604 shares of the company’s stock after selling 219,116 shares during the period. Vanguard FTSE Developed Markets ETF accounts for about 5.6% of Kaydan Wealth Management Inc.’s portfolio, making the stock its 7th largest position. Kaydan Wealth Management Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $16,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VEA. Integrity Financial Corp WA lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 4.4% during the 2nd quarter. Integrity Financial Corp WA now owns 3,358 shares of the company’s stock valued at $239,000 after acquiring an additional 143 shares in the last quarter. Insight Wealth Strategies LLC lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 2.8% during the second quarter. Insight Wealth Strategies LLC now owns 5,298 shares of the company’s stock worth $373,000 after purchasing an additional 146 shares in the last quarter. JDM Financial Group LLC boosted its position in shares of Vanguard FTSE Developed Markets ETF by 0.3% in the first quarter. JDM Financial Group LLC now owns 53,935 shares of the company’s stock worth $3,456,000 after buying an additional 148 shares during the period. Cherry Creek Investment Advisors Inc. grew its stake in shares of Vanguard FTSE Developed Markets ETF by 1.6% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 9,836 shares of the company’s stock valued at $630,000 after buying an additional 151 shares in the last quarter. Finally, Lauterbach Financial Advisors LLC grew its stake in shares of Vanguard FTSE Developed Markets ETF by 2.4% in the second quarter. Lauterbach Financial Advisors LLC now owns 6,529 shares of the company’s stock valued at $465,000 after buying an additional 152 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Trading Down 1.0%

NYSEARCA:VEA traded down $0.74 during trading hours on Thursday, hitting $69.52. The stock had a trading volume of 4,532,820 shares, compared to its average volume of 14,139,986. Vanguard FTSE Developed Markets ETF has a 1-year low of $58.88 and a 1-year high of $74.04. The business has a 50 day simple moving average of $72.27 and a two-hundred day simple moving average of $70.30. The company has a market cap of $227.95 billion, a PE ratio of 16.34 and a beta of 0.84.

Vanguard FTSE Developed Markets ETF 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.