Morling Financial Advisors LLC Cuts Position in Vanguard FTSE Developed Markets ETF $VEA

Morling Financial Advisors LLC trimmed its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,519 shares of the company’s stock after selling 881 shares during the period. Vanguard FTSE Developed Markets ETF comprises 1.1% of Morling Financial Advisors LLC’s investment portfolio, making the stock its 17th largest position. Morling Financial Advisors LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $3,336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Network Wealth Advisors LLC acquired a new position in Vanguard FTSE Developed Markets ETF during the 1st quarter worth approximately $26,000. Nemes Rush Group LLC raised its stake in shares of Vanguard FTSE Developed Markets ETF by 236.5% during the first quarter. Nemes Rush Group LLC now owns 572 shares of the company’s stock valued at $29,000 after purchasing an additional 402 shares during the period. IFS Advisors LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF during the second quarter worth $35,000. Armstrong Advisory Group Inc. lifted its position in shares of Vanguard FTSE Developed Markets ETF by 210.1% during the second quarter. Armstrong Advisory Group Inc. now owns 831 shares of the company’s stock worth $47,000 after purchasing an additional 563 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 185.1% in the first quarter. Brooklyn Investment Group now owns 958 shares of the company’s stock valued at $49,000 after purchasing an additional 622 shares during the period.

Vanguard FTSE Developed Markets ETF Trading Down 1.0%

VEA opened at $59.91 on Wednesday. Vanguard FTSE Developed Markets ETF has a twelve month low of $45.14 and a twelve month high of $62.20. The firm has a market cap of $178.51 billion, a price-to-earnings ratio of 16.34 and a beta of 0.87. The company has a fifty day simple moving average of $60.52 and a 200 day simple moving average of $58.06.

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.