Institute for Wealth Management LLC. Has $927,000 Stock Holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Institute for Wealth Management LLC. reduced its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 7.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,389 shares of the company’s stock after selling 1,492 shares during the period. Institute for Wealth Management LLC.’s holdings in Vanguard FTSE Developed Markets ETF were worth $927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Creative Planning lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 3.8% in the third quarter. Creative Planning now owns 145,118,743 shares of the company’s stock worth $7,663,721,000 after acquiring an additional 5,341,481 shares during the period. WealthNavi Inc. lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 5.6% in the third quarter. WealthNavi Inc. now owns 46,095,601 shares of the company’s stock worth $2,434,309,000 after acquiring an additional 2,436,012 shares during the period. LPL Financial LLC lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 4.5% in the third quarter. LPL Financial LLC now owns 22,283,298 shares of the company’s stock worth $1,176,781,000 after acquiring an additional 954,457 shares during the period. Captrust Financial Advisors lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 7.2% in the third quarter. Captrust Financial Advisors now owns 16,431,983 shares of the company’s stock worth $867,773,000 after acquiring an additional 1,103,351 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 12.4% in the third quarter. Cerity Partners LLC now owns 15,432,650 shares of the company’s stock worth $814,998,000 after acquiring an additional 1,700,587 shares during the period.

Vanguard FTSE Developed Markets ETF Price Performance

Vanguard FTSE Developed Markets ETF stock opened at $49.94 on Friday. The stock’s 50 day moving average is $49.09 and its 200 day moving average is $50.26. The firm has a market cap of $130.84 billion, a P/E ratio of 13.32 and a beta of 0.88. Vanguard FTSE Developed Markets ETF has a one year low of $46.72 and a one year high of $53.40.

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.