J. Safra Sarasin Holding AG Invests $1.92 Million in Vanguard FTSE Developed Markets ETF $VEA

J. Safra Sarasin Holding AG acquired a new stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the 1st quarter, HoldingsChannel reports. The firm acquired 30,000 shares of the company’s stock, valued at approximately $1,922,000.

A number of other hedge funds also recently added to or reduced their stakes in VEA. Cherry Creek Investment Advisors Inc. lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.6% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 9,836 shares of the company’s stock worth $630,000 after purchasing an additional 151 shares during the period. Mascagni Wealth Management Inc. raised its position in Vanguard FTSE Developed Markets ETF by 2.1% during the 4th quarter. Mascagni Wealth Management Inc. now owns 7,231 shares of the company’s stock worth $452,000 after buying an additional 152 shares during the last quarter. TL Private Wealth raised its position in Vanguard FTSE Developed Markets ETF by 1.7% during the 4th quarter. TL Private Wealth now owns 9,396 shares of the company’s stock worth $606,000 after buying an additional 155 shares during the last quarter. River Wealth Advisors LLC lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 1.3% in the 4th quarter. River Wealth Advisors LLC now owns 12,143 shares of the company’s stock worth $759,000 after acquiring an additional 161 shares during the period. Finally, Belpointe Asset Management LLC lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 0.5% in the 4th quarter. Belpointe Asset Management LLC now owns 34,529 shares of the company’s stock worth $2,157,000 after acquiring an additional 162 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Down 1.7%

Shares of Vanguard FTSE Developed Markets ETF stock opened at $69.76 on Tuesday. The firm has a market cap of $226.02 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 52-week low of $55.68 and a 52-week high of $73.23. The company’s 50-day simple moving average is $70.82 and its 200-day simple moving average is $67.78.

About Vanguard FTSE Developed Markets ETF

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.