Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Shares Sold by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lessened its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 3.0% in the first quarter, Holdings Channel.com reports. The fund owned 42,747 shares of the company’s stock after selling 1,329 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $2,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Murphy Middleton Hinkle & Parker Inc. boosted its position in shares of Vanguard FTSE Developed Markets ETF by 0.9% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 25,833 shares of the company’s stock worth $1,296,000 after buying an additional 220 shares during the period. Family CFO Inc increased its holdings in shares of Vanguard FTSE Developed Markets ETF by 0.6% during the 1st quarter. Family CFO Inc now owns 35,478 shares of the company’s stock valued at $1,780,000 after acquiring an additional 224 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in Vanguard FTSE Developed Markets ETF by 27.6% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,046 shares of the company’s stock valued at $50,000 after purchasing an additional 226 shares during the last quarter. GW&K Investment Management LLC grew its stake in Vanguard FTSE Developed Markets ETF by 9.8% in the 4th quarter. GW&K Investment Management LLC now owns 2,534 shares of the company’s stock valued at $121,000 after buying an additional 226 shares during the last quarter. Finally, Exchange Capital Management Inc. grew its position in shares of Vanguard FTSE Developed Markets ETF by 2.7% in the first quarter. Exchange Capital Management Inc. now owns 8,808 shares of the company’s stock valued at $442,000 after purchasing an additional 234 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Up 1.2 %

Shares of NYSEARCA VEA opened at $50.16 on Friday. Vanguard FTSE Developed Markets ETF has a 12 month low of $41.48 and a 12 month high of $51.28. The business’s 50 day moving average is $50.06 and its two-hundred day moving average is $48.94. The company has a market cap of $131.42 billion, a P/E ratio of 13.32 and a beta of 0.88.

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.