Pinnacle Wealth Planning Services Inc. Invests $470,000 in Vanguard FTSE Developed Markets ETF $VEA

Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,238 shares of the company’s stock, valued at approximately $470,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Financial Network Wealth Advisors LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF in the first quarter valued at approximately $26,000. Nemes Rush Group LLC increased 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 acquiring an additional 402 shares during the period. IFS Advisors LLC acquired a new position in Vanguard FTSE Developed Markets ETF during the 2nd quarter valued at $35,000. Armstrong Advisory Group Inc. boosted its holdings in Vanguard FTSE Developed Markets ETF by 210.1% in the 2nd 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 period. Finally, Brooklyn Investment Group boosted its holdings in Vanguard FTSE Developed Markets ETF by 185.1% in the 1st quarter. Brooklyn Investment Group now owns 958 shares of the company’s stock valued at $49,000 after purchasing an additional 622 shares during the period.

Vanguard FTSE Developed Markets ETF Price Performance

NYSEARCA VEA opened at $59.91 on Wednesday. The company’s fifty day moving average is $60.52 and its two-hundred day moving average is $58.06. Vanguard FTSE Developed Markets ETF has a 52-week low of $45.14 and a 52-week high of $62.20. The firm has a market capitalization of $178.51 billion, a price-to-earnings 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.