Sovereign Financial Group Inc. Increases Stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Sovereign Financial Group Inc. grew its position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 445,130 shares of the company’s stock after acquiring an additional 23,560 shares during the period. Vanguard FTSE Developed Markets ETF accounts for approximately 5.5% of Sovereign Financial Group Inc.’s holdings, making the stock its 2nd largest holding. Sovereign Financial Group Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $23,507,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of VEA. Transcendent Capital Group LLC grew its position in Vanguard FTSE Developed Markets ETF by 101.2% during the 2nd quarter. Transcendent Capital Group LLC now owns 509 shares of the company’s stock worth $25,000 after acquiring an additional 256 shares during the last quarter. Triad Wealth Partners LLC purchased a new stake in Vanguard FTSE Developed Markets ETF in the 2nd quarter worth approximately $31,000. Spectrum Wealth Counsel LLC purchased a new stake in Vanguard FTSE Developed Markets ETF in the 2nd quarter worth approximately $33,000. Abich Financial Wealth Management LLC grew its position in shares of Vanguard FTSE Developed Markets ETF by 2,458.6% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 742 shares of the company’s stock worth $37,000 after buying an additional 713 shares during the last quarter. Finally, Fairscale Capital LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF in the 2nd quarter worth approximately $38,000.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of VEA stock opened at $51.80 on Wednesday. The firm has a market cap of $135.72 billion, a P/E ratio of 13.32 and a beta of 0.88. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $41.48 and a fifty-two week high of $53.40. The business’s 50 day moving average price is $51.20 and its 200-day moving average price is $50.39.

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.