Fifth Third Wealth Advisors LLC Trims Stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Fifth Third Wealth Advisors LLC cut its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 67.7% in the third quarter, HoldingsChannel.com reports. The firm owned 52,557 shares of the company’s stock after selling 110,095 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $2,776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Creative Planning raised its stake in shares of Vanguard FTSE Developed Markets ETF by 3.8% in the 3rd quarter. Creative Planning now owns 145,118,743 shares of the company’s stock valued at $7,663,721,000 after acquiring an additional 5,341,481 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Vanguard FTSE Developed Markets ETF by 4.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 50,962,305 shares of the company’s stock worth $2,518,573,000 after purchasing an additional 2,402,484 shares during the period. WealthNavi Inc. increased its holdings in Vanguard FTSE Developed Markets ETF by 5.6% in the 3rd quarter. WealthNavi Inc. now owns 46,095,601 shares of the company’s stock valued at $2,434,309,000 after purchasing an additional 2,436,012 shares during the last quarter. LPL Financial LLC lifted its stake in Vanguard FTSE Developed Markets ETF by 4.3% during the second quarter. LPL Financial LLC now owns 21,328,841 shares of the company’s stock worth $1,054,071,000 after purchasing an additional 881,611 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Vanguard FTSE Developed Markets ETF by 10.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 19,366,592 shares of the company’s stock worth $948,309,000 after buying an additional 1,860,937 shares during the period.

Vanguard FTSE Developed Markets ETF Trading Up 0.7 %

Shares of NYSEARCA VEA opened at $49.36 on Tuesday. Vanguard FTSE Developed Markets ETF has a twelve month low of $45.37 and a twelve month high of $53.40. The stock has a fifty day simple moving average of $51.24 and a 200-day simple moving average of $50.70. The stock has a market capitalization of $129.32 billion, a PE ratio of 13.32 and a beta of 0.88.

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.