GEM Asset Management LLC Reduces Holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

GEM Asset Management LLC trimmed its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,908 shares of the company’s stock after selling 245 shares during the period. GEM Asset Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $462,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VEA. Icon Wealth Advisors LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the 4th quarter valued at $434,000. Jacobi Capital Management LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 3.7% during the 4th quarter. Jacobi Capital Management LLC now owns 38,461 shares of the company’s stock worth $1,842,000 after purchasing an additional 1,379 shares during the period. RMB Capital Management LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 2.6% during the 4th quarter. RMB Capital Management LLC now owns 115,305 shares of the company’s stock worth $5,523,000 after purchasing an additional 2,874 shares during the period. Creative Planning boosted its stake in Vanguard FTSE Developed Markets ETF by 1.8% during the 4th quarter. Creative Planning now owns 126,420,464 shares of the company’s stock worth $62,294,000 after purchasing an additional 2,288,154 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 5.2% during the 4th quarter. Kestra Advisory Services LLC now owns 812,775 shares of the company’s stock worth $38,932,000 after purchasing an additional 40,090 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Down 0.4 %

NYSEARCA:VEA traded down $0.22 during trading hours on Thursday, reaching $51.60. 4,181,137 shares of the company’s stock were exchanged, compared to its average volume of 9,607,538. The firm has a market capitalization of $135.19 billion, a price-to-earnings ratio of 13.32 and a beta of 0.88. The company has a 50-day moving average of $51.22 and a 200 day moving average of $50.40. Vanguard FTSE Developed Markets ETF has a 1-year low of $41.48 and a 1-year 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.