Cannon Financial Strategists Inc. Buys New Shares in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Cannon Financial Strategists Inc. bought a new stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 19,679 shares of the company’s stock, valued at approximately $973,000.

Several other hedge funds have also made changes to their positions in the stock. Transcendent Capital Group LLC raised its stake in shares of Vanguard FTSE Developed Markets ETF by 101.2% in the second quarter. Transcendent Capital Group LLC now owns 509 shares of the company’s stock valued at $25,000 after acquiring an additional 256 shares during the last quarter. Triad Wealth Partners LLC bought a new position in shares of Vanguard FTSE Developed Markets ETF in the second quarter valued at approximately $31,000. Spectrum Wealth Counsel LLC bought a new position in shares of Vanguard FTSE Developed Markets ETF in the second quarter valued at approximately $33,000. Abich Financial Wealth Management LLC raised its stake in shares of Vanguard FTSE Developed Markets ETF by 2,458.6% in the second quarter. Abich Financial Wealth Management LLC now owns 742 shares of the company’s stock valued at $37,000 after acquiring an additional 713 shares during the last quarter. Finally, Fairscale Capital LLC bought a new position in shares of Vanguard FTSE Developed Markets ETF in the second quarter valued at approximately $38,000.

Vanguard FTSE Developed Markets ETF Trading Down 0.7 %

NYSEARCA:VEA opened at $52.44 on Wednesday. Vanguard FTSE Developed Markets ETF has a 1 year low of $41.48 and a 1 year high of $53.40. The firm has a 50 day moving average of $51.00 and a 200-day moving average of $50.31. The stock has a market capitalization of $137.39 billion, a P/E ratio of 13.32 and a beta of 0.88.

Vanguard FTSE Developed Markets ETF Company 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.