Meridian Management Co. Has $45.58 Million Holdings in Vanguard FTSE Developed Markets ETF $VEA

Meridian Management Co. raised its position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 18.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 810,822 shares of the company’s stock after purchasing an additional 124,535 shares during the quarter. Vanguard FTSE Developed Markets ETF accounts for about 12.5% of Meridian Management Co.’s investment portfolio, making the stock its biggest holding. Meridian Management Co.’s holdings in Vanguard FTSE Developed Markets ETF were worth $45,584,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. von Borstel & Associates Inc. bought a new stake in Vanguard FTSE Developed Markets ETF during the 1st quarter valued at about $26,000. Financial Network Wealth Advisors LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF in the first quarter worth approximately $26,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Vanguard FTSE Developed Markets ETF in the first quarter worth approximately $28,000. Nemes Rush Group LLC grew its stake in shares of Vanguard FTSE Developed Markets ETF by 236.5% in the first quarter. Nemes Rush Group LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 402 shares during the period. Finally, IFS Advisors LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF in the second quarter worth approximately $35,000.

Vanguard FTSE Developed Markets ETF Stock Down 0.1%

Shares of VEA stock opened at $60.98 on Friday. The company has a 50 day moving average price of $60.00 and a 200-day moving average price of $57.26. Vanguard FTSE Developed Markets ETF has a 52 week low of $45.14 and a 52 week high of $61.80. The firm has a market capitalization of $181.69 billion, a PE ratio of 16.34 and a beta of 0.87.

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.