Tortoise Investment Management LLC Sells 4,850 Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Tortoise Investment Management LLC reduced its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,553 shares of the company’s stock after selling 4,850 shares during the period. Tortoise Investment Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $8,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kozak & Associates Inc. raised its holdings in Vanguard FTSE Developed Markets ETF by 268.0% during the fourth quarter. Kozak & Associates Inc. now owns 563 shares of the company’s stock worth $27,000 after acquiring an additional 410 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Vanguard FTSE Developed Markets ETF in the fourth quarter valued at approximately $29,000. Keystone Financial Group Inc. bought a new stake in Vanguard FTSE Developed Markets ETF in the fourth quarter valued at approximately $32,000. Lummis Asset Management LP bought a new stake in Vanguard FTSE Developed Markets ETF in the third quarter valued at approximately $34,000. Finally, Crews Bank & Trust bought a new stake in Vanguard FTSE Developed Markets ETF in the fourth quarter valued at approximately $37,000.

Vanguard FTSE Developed Markets ETF Stock Up 1.1 %

NYSEARCA:VEA opened at $52.58 on Monday. The stock’s 50 day moving average price is $49.94 and its two-hundred day moving average price is $50.47. The firm has a market capitalization of $147.75 billion, a price-to-earnings ratio of 16.75 and a beta of 0.92. Vanguard FTSE Developed Markets ETF has a 12-month low of $46.79 and a 12-month high of $53.40.

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.