Citizens Business Bank Sells 3,495 Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Citizens Business Bank cut its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 854,095 shares of the company’s stock after selling 3,495 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises 9.2% of Citizens Business Bank’s investment portfolio, making the stock its 2nd largest holding. Citizens Business Bank’s holdings in Vanguard FTSE Developed Markets ETF were worth $40,911,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Creative Planning raised its holdings in Vanguard FTSE Developed Markets ETF by 1.4% in the 3rd quarter. Creative Planning now owns 124,132,310 shares of the company’s stock valued at $5,427,065,000 after acquiring an additional 1,726,718 shares in the last quarter. Betterment LLC raised its stake in shares of Vanguard FTSE Developed Markets ETF by 2.6% in the third quarter. Betterment LLC now owns 108,000,000 shares of the company’s stock valued at $4,735,356,000 after purchasing an additional 2,711,916 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Vanguard FTSE Developed Markets ETF by 1.8% in the third quarter. Jones Financial Companies Lllp now owns 76,186,378 shares of the company’s stock valued at $3,330,868,000 after purchasing an additional 1,341,616 shares in the last quarter. Morgan Stanley lifted its position in Vanguard FTSE Developed Markets ETF by 3.7% in the third quarter. Morgan Stanley now owns 54,759,270 shares of the company’s stock worth $2,394,075,000 after purchasing an additional 1,930,476 shares during the period. Finally, WealthNavi Inc. boosted its stake in Vanguard FTSE Developed Markets ETF by 2.5% during the fourth quarter. WealthNavi Inc. now owns 40,170,244 shares of the company’s stock worth $1,924,155,000 after buying an additional 965,155 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Down 1.4 %

Vanguard FTSE Developed Markets ETF stock traded down $0.69 on Tuesday, hitting $48.46. The company’s stock had a trading volume of 10,082,491 shares, compared to its average volume of 11,509,882. The company has a fifty day moving average price of $49.25 and a 200-day moving average price of $47.12. The firm has a market cap of $126.97 billion, a P/E ratio of 13.31 and a beta of 0.88. Vanguard FTSE Developed Markets ETF has a one year low of $41.48 and a one year high of $50.36.

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.