Sunpointe LLC Trims Stock Holdings in Vanguard FTSE Developed Markets ETF $VEA

Sunpointe LLC lessened its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 12.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,243 shares of the company’s stock after selling 923 shares during the quarter. Sunpointe LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $356,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. TFO Wealth Partners LLC purchased a new stake in shares of Vanguard FTSE Developed Markets ETF in the 1st quarter valued at $222,710,000. Arkadios Wealth Advisors boosted its holdings in Vanguard FTSE Developed Markets ETF by 289.9% during the 1st quarter. Arkadios Wealth Advisors now owns 93,032 shares of the company’s stock valued at $4,729,000 after acquiring an additional 69,173 shares during the period. Financial Synergies Wealth Advisors Inc. grew its position in Vanguard FTSE Developed Markets ETF by 3.2% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 900,352 shares of the company’s stock valued at $45,765,000 after acquiring an additional 27,816 shares in the last quarter. Waterfront Wealth Inc. increased its stake in Vanguard FTSE Developed Markets ETF by 13.8% during the first quarter. Waterfront Wealth Inc. now owns 14,600 shares of the company’s stock worth $742,000 after purchasing an additional 1,770 shares during the period. Finally, Code Waechter LLC purchased a new stake in Vanguard FTSE Developed Markets ETF during the first quarter worth about $224,000.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of VEA opened at $60.23 on Wednesday. The company’s 50-day simple moving average is $58.13 and its 200-day simple moving average is $54.98. Vanguard FTSE Developed Markets ETF has a 1 year low of $45.14 and a 1 year high of $60.36. The stock has a market capitalization of $173.04 billion, a PE ratio of 16.34 and a beta of 0.89.

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.