Summit Wealth Group LLC Has $15.40 Million Stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Summit Wealth Group LLC decreased its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 7.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 291,555 shares of the company’s stock after selling 21,974 shares during the period. Vanguard FTSE Developed Markets ETF comprises approximately 4.4% of Summit Wealth Group LLC’s holdings, making the stock its 5th biggest position. Summit Wealth Group LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $15,397,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC raised its stake in Vanguard FTSE Developed Markets ETF by 101.2% during the 2nd quarter. Transcendent Capital Group LLC now owns 509 shares of the company’s stock valued at $25,000 after purchasing an additional 256 shares during the period. Triad Wealth Partners LLC purchased a new stake in Vanguard FTSE Developed Markets ETF during the 2nd quarter valued at approximately $31,000. Spectrum Wealth Counsel LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the second quarter valued at approximately $33,000. Lummis Asset Management LP bought a new position in shares of Vanguard FTSE Developed Markets ETF during the third quarter worth $34,000. Finally, Abich Financial Wealth Management LLC grew its position in shares of Vanguard FTSE Developed Markets ETF by 2,458.6% during the second quarter. Abich Financial Wealth Management LLC now owns 742 shares of the company’s stock valued at $37,000 after purchasing an additional 713 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Price Performance

NYSEARCA VEA opened at $49.36 on Tuesday. The business has a 50 day simple moving average of $51.24 and a two-hundred day simple moving average of $50.70. Vanguard FTSE Developed Markets ETF has a 1-year low of $45.37 and a 1-year high of $53.40. The stock has a market capitalization of $129.32 billion, a PE ratio of 13.32 and a beta of 0.88.

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.