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

Principal Financial Group Inc. raised its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 308.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 462,230 shares of the company’s stock after buying an additional 348,989 shares during the period. Principal Financial Group Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $24,410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Strategic Financial Concepts LLC lifted its holdings in Vanguard FTSE Developed Markets ETF by 6,005.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 8,308,691 shares of the company’s stock worth $410,616,000 after buying an additional 8,172,614 shares during the period. Creative Planning increased its position in Vanguard FTSE Developed Markets ETF by 4.9% during the 2nd 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. WealthNavi Inc. raised its holdings in Vanguard FTSE Developed Markets ETF by 5.6% in the 3rd quarter. WealthNavi Inc. now owns 46,095,601 shares of the company’s stock worth $2,434,309,000 after purchasing an additional 2,436,012 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Vanguard FTSE Developed Markets ETF by 4.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 50,962,305 shares of the company’s stock worth $2,518,573,000 after purchasing an additional 2,402,484 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 10.6% during the 2nd 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 in the last quarter.

Vanguard FTSE Developed Markets ETF Price Performance

VEA stock opened at $48.04 on Thursday. Vanguard FTSE Developed Markets ETF has a 1 year low of $45.91 and a 1 year high of $53.40. The firm has a 50-day moving average of $50.00 and a 200 day moving average of $50.53. The company has a market cap of $125.86 billion, a P/E ratio of 13.32 and a beta of 0.88.

Vanguard FTSE Developed Markets ETF 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.