Wealth Alliance Advisory Group LLC Cuts Stock Position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Wealth Alliance Advisory Group LLC trimmed its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 97.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,154 shares of the company’s stock after selling 226,197 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Granite Bay Wealth Management LLC purchased a new stake in Vanguard FTSE Developed Markets ETF in the 1st quarter worth $285,000. Watershed Private Wealth LLC raised its position in shares of Vanguard FTSE Developed Markets ETF by 3.4% during the 1st quarter. Watershed Private Wealth LLC now owns 49,780 shares of the company’s stock worth $2,530,000 after purchasing an additional 1,639 shares during the last quarter. Amplius Wealth Advisors LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF during the first quarter valued at approximately $240,000. Horizons Wealth Management lifted its position in shares of Vanguard FTSE Developed Markets ETF by 1.4% in the first quarter. Horizons Wealth Management now owns 211,454 shares of the company’s stock valued at $10,748,000 after acquiring an additional 2,842 shares in the last quarter. Finally, DBK Financial Counsel LLC boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 1.9% in the first quarter. DBK Financial Counsel LLC now owns 168,414 shares of the company’s stock worth $8,560,000 after acquiring an additional 3,190 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

Shares of VEA stock opened at $55.81 on Wednesday. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $45.14 and a fifty-two week high of $56.23. The stock’s fifty day moving average is $52.24 and its two-hundred day moving average is $50.85. The firm has a market capitalization of $159.06 billion, a P/E ratio of 16.52 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.