Whitaker Myers Wealth Managers LTD has made a significant investment by acquiring 92,510 shares of the Vanguard FTSE Developed Markets ETF (NYSEARCA: VEA) in the third quarter of 2023. According to a recent filing with the Securities and Exchange Commission, this purchase is valued at approximately $5,543,000, representing 1.2% of the firm’s total holdings. This makes VEA the 19th largest holding within Whitaker Myers’ portfolio.
Other institutional investors have also recently adjusted their positions in the Vanguard ETF. For instance, Brighton Jones LLC increased its stake by 79.2% during the fourth quarter, now owning 243,622 shares valued at around $11,650,000. Revolve Wealth Partners LLC enhanced its position in VEA by 47.3%, accumulating 123,485 shares with a value of $5,905,000 after acquiring an additional 39,653 shares.
Several other firms have also shown interest in VEA. Capstone Wealth Management Group LLC purchased a new stake worth approximately $209,000 earlier in the year. Additionally, Russell Investments Group Ltd. expanded its holdings by 51.2%, now owning 13,670 shares valued at $695,000. Okabena Investment Services Inc. increased its position by 31.4%, now holding 249,572 shares valued at $12,686,000.
Performance Overview of Vanguard FTSE Developed Markets ETF
As of the latest trading session, shares of the Vanguard FTSE Developed Markets ETF opened at $62.68. The ETF boasts a market capitalization of $186.76 billion, with a price-to-earnings ratio of 16.34 and a beta of 0.87. Over the past fifty days, VEA has maintained a moving average price of $61.38, while the 200-day moving average stands at $59.30. The ETF has experienced a 52-week low of $45.14 and a high of $63.08.
The Vanguard FTSE Developed Markets ETF primarily invests in a wide range of equity markets outside the United States. It tracks a market-cap weighted index that encompasses large-, mid-, and small-cap stocks from developed markets. Launched on July 20, 2007, the fund is managed by Vanguard, a well-respected name in the investment management industry.
Investors looking for up-to-date information on VEA can visit platforms such as HoldingsChannel.com for the latest 13F filings and insider trades. Additionally, MarketBeat.com offers a free daily newsletter summarizing news and analyst ratings related to Vanguard FTSE Developed Markets ETF and its peers.
