Axxcess Wealth Management LLC Boosts Stake in Vanguard FTSE Developed Markets ETF $VEA

Axxcess Wealth Management LLC grew its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 26.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 259,063 shares of the company’s stock after buying an additional 54,578 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $14,769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in Vanguard FTSE Developed Markets ETF by 0.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 98,747,918 shares of the company’s stock worth $5,019,357,000 after purchasing an additional 660,028 shares during the period. Wealthfront Advisers LLC raised its position in Vanguard FTSE Developed Markets ETF by 3.0% in the 1st quarter. Wealthfront Advisers LLC now owns 60,371,395 shares of the company’s stock worth $3,068,678,000 after purchasing an additional 1,778,345 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Vanguard FTSE Developed Markets ETF by 3.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 59,628,214 shares of the company’s stock worth $3,030,902,000 after purchasing an additional 1,840,640 shares during the period. Northern Trust Corp raised its position in Vanguard FTSE Developed Markets ETF by 3.5% in the 1st quarter. Northern Trust Corp now owns 42,599,905 shares of the company’s stock worth $2,165,353,000 after purchasing an additional 1,425,051 shares during the period. Finally, Wealthspire Advisors LLC raised its position in Vanguard FTSE Developed Markets ETF by 110.7% in the 1st quarter. Wealthspire Advisors LLC now owns 22,514,780 shares of the company’s stock worth $1,144,426,000 after purchasing an additional 11,830,891 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Up 1.0%

Shares of NYSEARCA:VEA opened at $59.80 on Tuesday. The stock has a market cap of $178.18 billion, a PE ratio of 16.34 and a beta of 0.89. The company’s fifty day moving average is $59.28 and its 200 day moving average is $56.07. Vanguard FTSE Developed Markets ETF has a 52 week low of $45.14 and a 52 week high of $61.32.

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.