Meridian Wealth Advisors LLC Grows Stock Position in Vanguard FTSE Developed Markets ETF $VEA

Meridian Wealth Advisors LLC raised its position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 24.4% in the 2nd quarter, Holdings Channel reports. The fund owned 144,526 shares of the company’s stock after acquiring an additional 28,345 shares during the period. Vanguard FTSE Developed Markets ETF accounts for approximately 1.3% of Meridian Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. Meridian Wealth Advisors LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $8,239,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VEA. Financial Network Wealth Advisors LLC purchased a new stake in shares of Vanguard FTSE Developed Markets ETF during the 1st quarter worth $26,000. Nemes Rush Group LLC boosted its position in Vanguard FTSE Developed Markets ETF by 236.5% during the first quarter. Nemes Rush Group LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 402 shares in the last quarter. IFS Advisors LLC purchased a new stake in Vanguard FTSE Developed Markets ETF during the second quarter worth $35,000. Armstrong Advisory Group Inc. grew its holdings in Vanguard FTSE Developed Markets ETF by 210.1% in the second quarter. Armstrong Advisory Group Inc. now owns 831 shares of the company’s stock valued at $47,000 after purchasing an additional 563 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in shares of Vanguard FTSE Developed Markets ETF by 185.1% in the first quarter. Brooklyn Investment Group now owns 958 shares of the company’s stock valued at $49,000 after buying an additional 622 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Up 1.5%

NYSEARCA:VEA opened at $59.77 on Friday. Vanguard FTSE Developed Markets ETF has a 52-week low of $45.14 and a 52-week high of $62.20. The stock has a fifty day simple moving average of $60.50 and a 200-day simple moving average of $58.12. The company has a market capitalization of $178.09 billion, a PE ratio of 16.34 and a beta of 0.87.

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.