Meridian Investment Counsel Inc. Sells 5,150 Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Meridian Investment Counsel Inc. cut its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 17.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,077 shares of the company’s stock after selling 5,150 shares during the period. Meridian Investment Counsel Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $1,224,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Sellwood Investment Partners LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the fourth quarter worth $26,000. Kessler Investment Group LLC bought a new stake in Vanguard FTSE Developed Markets ETF in the first quarter valued at about $26,000. von Borstel & Associates Inc. bought a new stake in Vanguard FTSE Developed Markets ETF in the first quarter valued at about $26,000. Chapman Financial Group LLC bought a new stake in Vanguard FTSE Developed Markets ETF in the fourth quarter valued at about $29,000. Finally, Headlands Technologies LLC increased its holdings in Vanguard FTSE Developed Markets ETF by 65.2% in the fourth quarter. Headlands Technologies LLC now owns 702 shares of the company’s stock valued at $34,000 after purchasing an additional 277 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Trading Up 0.1%

NYSEARCA VEA opened at $57.22 on Friday. The stock has a 50-day simple moving average of $55.27 and a 200 day simple moving average of $51.87. The company has a market capitalization of $164.40 billion, a PE ratio of 16.34 and a beta of 0.89. Vanguard FTSE Developed Markets ETF has a 12 month low of $45.14 and a 12 month high of $57.31.

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.