TrueWealth Financial Partners Invests $18.35 Million in Vanguard FTSE Developed Markets ETF $VEA

TrueWealth Financial Partners bought a new stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 286,411 shares of the company’s stock, valued at approximately $18,353,000. Vanguard FTSE Developed Markets ETF makes up 7.3% of TrueWealth Financial Partners’ holdings, making the stock its 3rd largest position.

A number of other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 79.2% in the 4th quarter. Brighton Jones LLC now owns 243,622 shares of the company’s stock valued at $11,650,000 after purchasing an additional 107,649 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Vanguard FTSE Developed Markets ETF by 47.3% during the 4th quarter. Revolve Wealth Partners LLC now owns 123,485 shares of the company’s stock worth $5,905,000 after buying an additional 39,653 shares during the last quarter. Capstone Wealth Management Group LLC acquired a new position in Vanguard FTSE Developed Markets ETF during the first quarter worth approximately $209,000. Squarepoint Ops LLC acquired a new position in Vanguard FTSE Developed Markets ETF during the second quarter worth approximately $7,001,000. Finally, Glenview Trust co lifted its stake in Vanguard FTSE Developed Markets ETF by 1.8% in the second quarter. Glenview Trust co now owns 16,992 shares of the company’s stock valued at $969,000 after buying an additional 297 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Trading Up 3.1%

VEA stock opened at $71.09 on Friday. The company has a market capitalization of $230.33 billion, a P/E ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a twelve month low of $55.68 and a twelve month high of $73.23. The business has a 50 day simple moving average of $70.82 and a 200-day simple moving average of $68.40.

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.