Kovack Advisors Inc. Boosts Stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Kovack Advisors Inc. lifted its holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 19.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 50,145 shares of the company’s stock after purchasing an additional 8,067 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $2,402,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VEA. TIAA Trust National Association purchased a new position in Vanguard FTSE Developed Markets ETF during the third quarter worth about $1,032,460,000. Charles Schwab Investment Management Inc. raised its stake in Vanguard FTSE Developed Markets ETF by 82.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 37,076,231 shares of the company’s stock worth $1,620,973,000 after purchasing an additional 16,797,788 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in Vanguard FTSE Developed Markets ETF during the third quarter worth about $569,628,000. Cerity Partners LLC raised its stake in Vanguard FTSE Developed Markets ETF by 63.5% during the fourth quarter. Cerity Partners LLC now owns 18,972,495 shares of the company’s stock worth $908,783,000 after purchasing an additional 7,370,621 shares during the period. Finally, Betterment LLC raised its stake in Vanguard FTSE Developed Markets ETF by 2.6% during the third quarter. Betterment LLC now owns 108,000,000 shares of the company’s stock worth $4,735,356,000 after purchasing an additional 2,711,916 shares during the period.

Vanguard FTSE Developed Markets ETF Trading Up 0.7 %

VEA stock traded up $0.36 during trading on Friday, reaching $48.88. 9,165,250 shares of the stock were exchanged, compared to its average volume of 11,568,128. The business has a 50 day moving average price of $49.23 and a 200-day moving average price of $47.04. Vanguard FTSE Developed Markets ETF has a 1 year low of $41.48 and a 1 year high of $50.36. The firm has a market capitalization of $128.07 billion, a price-to-earnings ratio of 13.31 and a beta of 0.88.

Vanguard FTSE Developed Markets ETF Company 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.