Greenwood Gearhart Inc. Invests $40.08 Million in Vanguard FTSE Developed Markets ETF $VEA

Greenwood Gearhart Inc. bought a new position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) during the 2nd quarter, Holdings Channel reports. The firm bought 703,084 shares of the company’s stock, valued at approximately $40,083,000. Vanguard FTSE Developed Markets ETF makes up 2.5% of Greenwood Gearhart Inc.’s investment portfolio, making the stock its 15th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC acquired a new position in Vanguard FTSE Developed Markets ETF during the first quarter worth about $222,710,000. Arkadios Wealth Advisors grew its position in Vanguard FTSE Developed Markets ETF by 289.9% during the first quarter. Arkadios Wealth Advisors now owns 93,032 shares of the company’s stock worth $4,729,000 after buying an additional 69,173 shares during the period. Fiduciary Alliance LLC grew its position in Vanguard FTSE Developed Markets ETF by 3.5% during the second quarter. Fiduciary Alliance LLC now owns 8,732 shares of the company’s stock worth $498,000 after buying an additional 292 shares during the period. Twelve Points Wealth Management LLC grew its position in Vanguard FTSE Developed Markets ETF by 2.7% during the second quarter. Twelve Points Wealth Management LLC now owns 19,660 shares of the company’s stock worth $1,121,000 after buying an additional 508 shares during the period. Finally, Financial Synergies Wealth Advisors Inc. grew its position in Vanguard FTSE Developed Markets ETF by 3.2% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 900,352 shares of the company’s stock worth $45,765,000 after buying an additional 27,816 shares during the period.

Vanguard FTSE Developed Markets ETF Trading Down 1.9%

Shares of VEA opened at $59.18 on Friday. The firm’s 50-day moving average is $59.22 and its two-hundred day moving average is $55.95. Vanguard FTSE Developed Markets ETF has a twelve month low of $45.14 and a twelve month high of $61.32. The firm has a market capitalization of $176.33 billion, a P/E ratio of 16.34 and a beta of 0.89.

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.