Cannon Financial Strategists Inc. Makes New Investment in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Cannon Financial Strategists Inc. bought a new position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,679 shares of the company’s stock, valued at approximately $973,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bangor Savings Bank lifted its position in shares of Vanguard FTSE Developed Markets ETF by 0.4% during the 2nd quarter. Bangor Savings Bank now owns 51,300 shares of the company’s stock valued at $2,535,000 after acquiring an additional 201 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Vanguard FTSE Developed Markets ETF by 1.8% during the 2nd quarter. Sunbelt Securities Inc. now owns 11,686 shares of the company’s stock valued at $578,000 after acquiring an additional 205 shares during the last quarter. New England Private Wealth Advisors LLC lifted its position in shares of Vanguard FTSE Developed Markets ETF by 2.5% during the 2nd quarter. New England Private Wealth Advisors LLC now owns 8,529 shares of the company’s stock valued at $422,000 after acquiring an additional 209 shares during the last quarter. Orcam Financial Group lifted its position in shares of Vanguard FTSE Developed Markets ETF by 0.5% during the 2nd quarter. Orcam Financial Group now owns 39,014 shares of the company’s stock valued at $1,928,000 after acquiring an additional 210 shares during the last quarter. Finally, Baldwin Brothers LLC MA lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.5% in the second quarter. Baldwin Brothers LLC MA now owns 14,830 shares of the company’s stock valued at $733,000 after purchasing an additional 216 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Down 0.7 %

VEA opened at $52.44 on Wednesday. The stock has a fifty day moving average of $51.00 and a 200-day moving average of $50.31. The firm has a market capitalization of $137.39 billion, a P/E ratio of 13.32 and a beta of 0.88. Vanguard FTSE Developed Markets ETF has a 12-month low of $41.48 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.