Founders Grove Wealth Partners LLC Makes New Investment in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Founders Grove Wealth Partners LLC acquired a new stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 531,217 shares of the company’s stock, valued at approximately $25,403,000. Vanguard FTSE Developed Markets ETF comprises 7.4% of Founders Grove Wealth Partners LLC’s portfolio, making the stock its largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in VEA. Silver Lake Advisory LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF during the second quarter worth approximately $7,496,000. Ironwood Wealth Management LLC. boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 6.4% in the second quarter. Ironwood Wealth Management LLC. now owns 74,598 shares of the company’s stock valued at $3,687,000 after purchasing an additional 4,474 shares during the period. One Capital Management LLC grew its stake in Vanguard FTSE Developed Markets ETF by 1.1% in the second quarter. One Capital Management LLC now owns 30,406 shares of the company’s stock worth $1,503,000 after purchasing an additional 328 shares in the last quarter. Moors & Cabot Inc. increased its holdings in Vanguard FTSE Developed Markets ETF by 20.2% during the 2nd quarter. Moors & Cabot Inc. now owns 77,973 shares of the company’s stock worth $3,853,000 after purchasing an additional 13,104 shares during the period. Finally, GDS Wealth Management bought a new stake in Vanguard FTSE Developed Markets ETF during the 2nd quarter valued at $232,000.

Vanguard FTSE Developed Markets ETF Stock Performance

NYSEARCA:VEA opened at $47.58 on Wednesday. The firm has a 50-day simple moving average of $49.15 and a 200-day simple moving average of $50.34. Vanguard FTSE Developed Markets ETF has a one year low of $45.91 and a one year high of $53.40. The firm has a market cap of $124.66 billion, a P/E ratio of 13.32 and a beta of 0.88.

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.