Axos Invest Inc. Invests $27.52 Million in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Axos Invest Inc. purchased a new stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 521,016 shares of the company’s stock, valued at approximately $27,515,000. Vanguard FTSE Developed Markets ETF makes up about 18.8% of Axos Invest Inc.’s investment portfolio, making the stock its 2nd biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Bangor Savings Bank raised its holdings in Vanguard FTSE Developed Markets ETF by 0.4% during the 2nd quarter. Bangor Savings Bank now owns 51,300 shares of the company’s stock worth $2,535,000 after buying an additional 201 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.8% during the second quarter. Sunbelt Securities Inc. now owns 11,686 shares of the company’s stock valued at $578,000 after acquiring an additional 205 shares during the period. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 0.3% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 65,927 shares of the company’s stock valued at $3,482,000 after acquiring an additional 205 shares during the period. Optimum Investment Advisors lifted its position in shares of Vanguard FTSE Developed Markets ETF by 1.7% in the 3rd quarter. Optimum Investment Advisors now owns 12,644 shares of the company’s stock valued at $668,000 after acquiring an additional 207 shares in the last quarter. Finally, Olistico Wealth LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 13.9% in the 3rd quarter. Olistico Wealth LLC now owns 1,708 shares of the company’s stock worth $90,000 after purchasing an additional 208 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Down 0.3 %

Shares of NYSEARCA:VEA opened at $49.16 on Thursday. The company’s fifty day moving average is $51.17 and its two-hundred day moving average is $50.69. The company has a market cap of $128.80 billion, a P/E ratio of 13.32 and a beta of 0.88. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.37 and a 12-month high of $53.40.

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.