Shotwell Rutter Baer Inc Makes New $8.01 Million Investment in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Shotwell Rutter Baer Inc acquired a new stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 159,865 shares of the company’s stock, valued at approximately $8,008,000. Vanguard FTSE Developed Markets ETF accounts for about 7.1% of Shotwell Rutter Baer Inc’s investment portfolio, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of VEA. Wetzel Investment Advisors Inc. bought a new stake in Vanguard FTSE Developed Markets ETF in the fourth quarter worth $26,000. First Command Advisory Services Inc. increased its position in Vanguard FTSE Developed Markets ETF by 81.3% during the fourth quarter. First Command Advisory Services Inc. now owns 689 shares of the company’s stock valued at $33,000 after acquiring an additional 309 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Vanguard FTSE Developed Markets ETF in the first quarter valued at $39,000. Albion Financial Group UT purchased a new stake in shares of Vanguard FTSE Developed Markets ETF in the fourth quarter valued at $40,000. Finally, LifeSteps Financial Inc. bought a new stake in shares of Vanguard FTSE Developed Markets ETF in the 1st quarter worth about $44,000.

Vanguard FTSE Developed Markets ETF Trading Up 1.7 %

Shares of VEA stock traded up $0.82 during trading hours on Thursday, reaching $48.73. 8,132,369 shares of the stock were exchanged, compared to its average volume of 10,321,313. Vanguard FTSE Developed Markets ETF has a 12-month low of $41.48 and a 12-month high of $51.68. The firm has a market capitalization of $127.67 billion, a price-to-earnings ratio of 13.32 and a beta of 0.88. The company’s 50-day moving average price is $50.04 and its 200-day moving average price is $49.43.

Vanguard FTSE Developed Markets ETF 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.