Summit Financial Strategies Inc. Acquires 1,023 Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Summit Financial Strategies Inc. grew its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,375 shares of the company’s stock after acquiring an additional 1,023 shares during the period. Vanguard FTSE Developed Markets ETF accounts for approximately 0.6% of Summit Financial Strategies Inc.’s holdings, making the stock its 23rd largest position. Summit Financial Strategies Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $4,516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VEA. Unique Wealth LLC increased its holdings in shares of Vanguard FTSE Developed Markets ETF by 8.6% during the 2nd quarter. Unique Wealth LLC now owns 16,997 shares of the company’s stock worth $840,000 after acquiring an additional 1,351 shares during the last quarter. McGlone Suttner Wealth Management Inc. boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 11.8% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 8,138 shares of the company’s stock worth $390,000 after buying an additional 861 shares during the period. E&G Advisors LP raised its holdings in Vanguard FTSE Developed Markets ETF by 34.0% in the 2nd quarter. E&G Advisors LP now owns 39,757 shares of the company’s stock valued at $1,965,000 after acquiring an additional 10,090 shares during the period. Barnes Pettey Financial Advisors LLC acquired a new stake in Vanguard FTSE Developed Markets ETF during the second quarter worth approximately $217,000. Finally, FMA Wealth Management LLC boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 2.8% during the second quarter. FMA Wealth Management LLC now owns 252,340 shares of the company’s stock worth $12,471,000 after acquiring an additional 6,956 shares during the period.

Vanguard FTSE Developed Markets ETF Price Performance

NYSEARCA VEA traded up $0.30 on Friday, reaching $50.82. The stock had a trading volume of 5,669,106 shares, compared to its average volume of 10,143,843. The company has a market cap of $133.15 billion, a P/E ratio of 13.32 and a beta of 0.88. The firm has a fifty day moving average of $49.92 and a two-hundred day moving average of $49.55. Vanguard FTSE Developed Markets ETF has a 1-year low of $41.48 and a 1-year high of $51.68.

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.