Rakuten Investment Management Inc. Buys 58,415 Shares of Vanguard FTSE Developed Markets ETF $VEA

Rakuten Investment Management Inc. increased its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 8.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 752,839 shares of the company’s stock after purchasing an additional 58,415 shares during the period. Rakuten Investment Management Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $53,587,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VEA. Pathway Financial Advisors LLC grew its position in Vanguard FTSE Developed Markets ETF by 44.9% in the third quarter. Pathway Financial Advisors LLC now owns 70,764 shares of the company’s stock worth $4,997,000 after acquiring an additional 21,916 shares in the last quarter. AdvisorNet Financial Inc increased its stake in Vanguard FTSE Developed Markets ETF by 4.2% in the third quarter. AdvisorNet Financial Inc now owns 523,978 shares of the company’s stock valued at $36,312,000 after acquiring an additional 21,081 shares during the last quarter. Moody National Bank Trust Division raised its position in Vanguard FTSE Developed Markets ETF by 7.9% during the third quarter. Moody National Bank Trust Division now owns 1,176,580 shares of the company’s stock valued at $83,078,000 after purchasing an additional 86,572 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in Vanguard FTSE Developed Markets ETF by 5.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 316,675 shares of the company’s stock valued at $22,360,000 after purchasing an additional 17,165 shares in the last quarter. Finally, Mechanics Bank Trust Department lifted its stake in Vanguard FTSE Developed Markets ETF by 21.1% during the third quarter. Mechanics Bank Trust Department now owns 70,679 shares of the company’s stock worth $4,991,000 after purchasing an additional 12,304 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Trading Down 0.3%

VEA opened at $69.37 on Wednesday. The stock has a market capitalization of $227.45 billion, a P/E ratio of 16.34 and a beta of 0.85. The stock has a 50-day moving average price of $71.17 and a 200-day moving average price of $69.50. Vanguard FTSE Developed Markets ETF has a 12-month low of $58.88 and a 12-month high of $74.04.

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.