Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Shares Sold by GEM Asset Management LLC

GEM Asset Management LLC lessened its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 2.7% in the 3rd quarter, Holdings Channel reports. The fund owned 8,908 shares of the company’s stock after selling 245 shares during the period. GEM Asset Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $462,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Creative Planning lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 4.9% in the second quarter. Creative Planning now owns 139,777,262 shares of the company’s stock valued at $6,907,792,000 after purchasing an additional 6,565,775 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 4.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 50,962,305 shares of the company’s stock valued at $2,518,573,000 after purchasing an additional 2,402,484 shares during the period. Royal Bank of Canada lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 5.3% in the fourth quarter. Royal Bank of Canada now owns 39,532,198 shares of the company’s stock valued at $1,893,592,000 after purchasing an additional 1,973,177 shares during the period. LPL Financial LLC lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 4.3% in the second quarter. LPL Financial LLC now owns 21,328,841 shares of the company’s stock valued at $1,054,071,000 after purchasing an additional 881,611 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 10.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 19,366,592 shares of the company’s stock valued at $948,309,000 after purchasing an additional 1,860,937 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Performance

NYSEARCA:VEA traded down $0.22 during mid-day trading on Thursday, hitting $51.60. 4,181,137 shares of the company’s stock traded hands, compared to its average volume of 9,607,538. The company has a market cap of $135.19 billion, a PE ratio of 13.32 and a beta of 0.88. Vanguard FTSE Developed Markets ETF has a 1 year low of $41.48 and a 1 year high of $53.40. The firm’s 50 day simple moving average is $51.22 and its 200 day simple moving average is $50.40.

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.