Meridian Management Co. Sells 24,354 Shares of Vanguard FTSE Developed Markets ETF $VEA

Meridian Management Co. reduced its position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 603,238 shares of the company’s stock after selling 24,354 shares during the period. Vanguard FTSE Developed Markets ETF comprises about 9.6% of Meridian Management Co.’s holdings, making the stock its largest holding. Meridian Management Co.’s holdings in Vanguard FTSE Developed Markets ETF were worth $38,655,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VEA. Nova Wealth Management Inc. increased its stake in Vanguard FTSE Developed Markets ETF by 151.5% during the fourth quarter. Nova Wealth Management Inc. now owns 420 shares of the company’s stock worth $26,000 after purchasing an additional 253 shares during the period. Strategic Wealth Advisors LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the fourth quarter valued at approximately $35,000. Quaker Wealth Management LLC grew its holdings in shares of Vanguard FTSE Developed Markets ETF by 7,637.5% in the fourth quarter. Quaker Wealth Management LLC now owns 619 shares of the company’s stock valued at $39,000 after purchasing an additional 611 shares in the last quarter. Tidemark LLC increased its stake in Vanguard FTSE Developed Markets ETF by 80.9% during the 4th quarter. Tidemark LLC now owns 624 shares of the company’s stock worth $39,000 after buying an additional 279 shares during the period. Finally, Strategic Advocates LLC increased its stake in Vanguard FTSE Developed Markets ETF by 66.1% during the 4th quarter. Strategic Advocates LLC now owns 623 shares of the company’s stock worth $39,000 after buying an additional 248 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Up 1.2%

Shares of VEA stock opened at $70.60 on Wednesday. The firm has a 50 day moving average of $70.85 and a two-hundred day moving average of $67.83. The stock has a market capitalization of $228.74 billion, a PE ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a 52 week low of $55.68 and a 52 week high of $73.23.

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.