Level Financial Advisors Increases Stock Holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Level Financial Advisors lifted its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 3.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,407 shares of the company’s stock after purchasing an additional 9,158 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises about 7.1% of Level Financial Advisors’ portfolio, making the stock its 3rd biggest position. Level Financial Advisors’ holdings in Vanguard FTSE Developed Markets ETF were worth $15,623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. purchased a new position in shares of Vanguard FTSE Developed Markets ETF during the 4th quarter valued at about $26,000. Versant Capital Management Inc purchased a new position in shares of Vanguard FTSE Developed Markets ETF during the 4th quarter valued at about $29,000. First Command Advisory Services Inc. raised its stake in shares of Vanguard FTSE Developed Markets ETF by 81.3% during the 4th quarter. First Command Advisory Services Inc. now owns 689 shares of the company’s stock valued at $33,000 after buying an additional 309 shares during the last quarter. Investment Research & Advisory Group Inc. raised its stake in shares of Vanguard FTSE Developed Markets ETF by 273.9% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 703 shares of the company’s stock valued at $34,000 after buying an additional 515 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF during the 3rd quarter valued at about $40,000.

Vanguard FTSE Developed Markets ETF Trading Up 1.2 %

Shares of NYSEARCA VEA traded up $0.59 during trading on Thursday, reaching $50.16. 7,160,862 shares of the company traded hands, compared to its average volume of 10,554,320. The firm’s fifty day simple moving average is $50.06 and its 200 day simple moving average is $48.94. The stock has a market cap of $131.42 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 $41.48 and a 12-month high of $51.28.

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.