Innovative Wealth Building LLC Sells 16,211 Shares of Vanguard FTSE Developed Markets ETF $VEA

Innovative Wealth Building LLC lessened its position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 55.7% in the second quarter, HoldingsChannel reports. The fund owned 12,870 shares of the company’s stock after selling 16,211 shares during the period. Vanguard FTSE Developed Markets ETF accounts for approximately 0.6% of Innovative Wealth Building LLC’s investment portfolio, making the stock its 29th largest holding. Innovative Wealth Building LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $734,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of Vanguard FTSE Developed Markets ETF by 0.7% in the first quarter. Envestnet Asset Management Inc. now owns 98,747,918 shares of the company’s stock valued at $5,019,357,000 after buying an additional 660,028 shares in the last quarter. Wealthfront Advisers LLC raised its position in shares of Vanguard FTSE Developed Markets ETF by 3.0% in the first quarter. Wealthfront Advisers LLC now owns 60,371,395 shares of the company’s stock valued at $3,068,678,000 after buying an additional 1,778,345 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Vanguard FTSE Developed Markets ETF by 3.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 59,628,214 shares of the company’s stock valued at $3,030,902,000 after buying an additional 1,840,640 shares in the last quarter. WealthNavi Inc. raised its position in shares of Vanguard FTSE Developed Markets ETF by 0.7% in the first quarter. WealthNavi Inc. now owns 49,789,539 shares of the company’s stock valued at $2,530,802,000 after buying an additional 362,543 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Vanguard FTSE Developed Markets ETF by 3.5% in the first quarter. Northern Trust Corp now owns 42,599,905 shares of the company’s stock valued at $2,165,353,000 after buying an additional 1,425,051 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Trading Up 0.9%

NYSEARCA VEA opened at $61.06 on Friday. Vanguard FTSE Developed Markets ETF has a 1-year low of $45.14 and a 1-year high of $61.15. The company has a 50 day moving average of $58.84 and a 200-day moving average of $55.69. The company has a market cap of $179.48 billion, a price-to-earnings ratio of 16.34 and a beta of 0.89.

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.