Gibbs Wealth Management Raises Position in Vanguard FTSE Developed Markets ETF $VEA

Gibbs Wealth Management increased its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 393.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 26,982 shares of the company’s stock after purchasing an additional 21,517 shares during the quarter. Gibbs Wealth Management’s holdings in Vanguard FTSE Developed Markets ETF were worth $1,729,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Alamar Capital Management LLC acquired a new position in Vanguard FTSE Developed Markets ETF during the 1st quarter worth approximately $243,000. Davis R M Inc. boosted its holdings in Vanguard FTSE Developed Markets ETF by 4.4% in the 1st quarter. Davis R M Inc. now owns 2,590,950 shares of the company’s stock worth $166,028,000 after acquiring an additional 108,665 shares during the period. Lido Advisors LLC grew its position in Vanguard FTSE Developed Markets ETF by 1.8% in the first quarter. Lido Advisors LLC now owns 1,272,621 shares of the company’s stock valued at $81,550,000 after acquiring an additional 22,688 shares in the last quarter. Cetera Investment Advisers grew its position in Vanguard FTSE Developed Markets ETF by 1.0% in the first quarter. Cetera Investment Advisers now owns 7,762,066 shares of the company’s stock valued at $497,393,000 after acquiring an additional 77,930 shares in the last quarter. Finally, Wealthspire Retirement LLC raised its stake in shares of Vanguard FTSE Developed Markets ETF by 4.0% during the first quarter. Wealthspire Retirement LLC now owns 367,887 shares of the company’s stock valued at $23,574,000 after purchasing an additional 14,228 shares during the period.

Vanguard FTSE Developed Markets ETF Trading Down 1.0%

NYSEARCA VEA opened at $69.78 on Friday. The company’s fifty day simple moving average is $70.80 and its 200-day simple moving average is $68.20. Vanguard FTSE Developed Markets ETF has a 52 week low of $55.68 and a 52 week high of $73.23. The stock has a market cap of $226.08 billion, a P/E ratio of 16.34 and a beta of 0.83.

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.