SoundView Advisors Inc. Buys New Stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

SoundView Advisors Inc. purchased a new position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 585,871 shares of the company’s stock, valued at approximately $28,016,000. Vanguard FTSE Developed Markets ETF makes up 11.5% of SoundView Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Vanguard FTSE Developed Markets ETF in the 4th quarter valued at $563,154,000. Strategic Financial Concepts LLC lifted its holdings in Vanguard FTSE Developed Markets ETF by 5,780.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 10,808,939 shares of the company’s stock valued at $516,883,000 after purchasing an additional 10,625,142 shares during the last quarter. US Bancorp DE boosted its position in Vanguard FTSE Developed Markets ETF by 56.6% in the fourth quarter. US Bancorp DE now owns 23,812,753 shares of the company’s stock valued at $1,138,726,000 after buying an additional 8,608,172 shares in the last quarter. Life Planning Partners Inc grew its stake in Vanguard FTSE Developed Markets ETF by 4,722.9% during the fourth quarter. Life Planning Partners Inc now owns 4,370,665 shares of the company’s stock worth $209,005,000 after buying an additional 4,280,041 shares during the last quarter. Finally, WealthNavi Inc. grew its stake in Vanguard FTSE Developed Markets ETF by 7.2% during the fourth quarter. WealthNavi Inc. now owns 49,426,996 shares of the company’s stock worth $2,363,599,000 after buying an additional 3,331,395 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Trading Down 2.3 %

NYSEARCA:VEA opened at $51.37 on Tuesday. The stock has a market capitalization of $144.35 billion, a P/E ratio of 16.75 and a beta of 0.92. Vanguard FTSE Developed Markets ETF has a 1 year low of $46.80 and a 1 year high of $53.40. The firm has a 50 day moving average of $50.01 and a 200-day moving average of $50.47.

Vanguard FTSE Developed Markets ETF Company 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.