Founders Financial Alliance LLC Sells 4,641 Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Founders Financial Alliance LLC cut its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 26.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,755 shares of the company’s stock after selling 4,641 shares during the period. Founders Financial Alliance LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $630,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Creative Planning boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 4.9% during the second quarter. Creative Planning now owns 139,777,262 shares of the company’s stock valued at $6,907,792,000 after purchasing an additional 6,565,775 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 3.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 88,753,808 shares of the company’s stock valued at $4,251,307,000 after purchasing an additional 3,279,281 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Vanguard FTSE Developed Markets ETF by 4.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 50,962,305 shares of the company’s stock valued at $2,518,573,000 after acquiring an additional 2,402,484 shares in the last quarter. Royal Bank of Canada boosted its stake in Vanguard FTSE Developed Markets ETF by 5.3% in the fourth quarter. Royal Bank of Canada now owns 39,532,198 shares of the company’s stock valued at $1,893,592,000 after acquiring an additional 1,973,177 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Vanguard FTSE Developed Markets ETF by 0.4% in the fourth quarter. Northern Trust Corp now owns 37,898,913 shares of the company’s stock valued at $1,815,358,000 after acquiring an additional 146,201 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Down 0.3 %

Shares of VEA opened at $52.82 on Tuesday. The company has a market cap of $138.39 billion, a price-to-earnings ratio of 13.32 and a beta of 0.88. Vanguard FTSE Developed Markets ETF has a twelve month low of $41.48 and a twelve month high of $53.40. The company has a 50 day moving average of $50.96 and a two-hundred day moving average of $50.29.

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.