RiverFront Investment Group LLC Sells 3,942 Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

RiverFront Investment Group LLC reduced its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,033 shares of the company’s stock after selling 3,942 shares during the quarter. RiverFront Investment Group LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $2,775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sellwood Investment Partners LLC purchased a new stake in Vanguard FTSE Developed Markets ETF in the 4th quarter worth $26,000. Kozak & Associates Inc. grew its position in Vanguard FTSE Developed Markets ETF by 268.0% in the 4th quarter. Kozak & Associates Inc. now owns 563 shares of the company’s stock valued at $27,000 after acquiring an additional 410 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in Vanguard FTSE Developed Markets ETF during the 4th quarter worth about $29,000. Keystone Financial Group Inc. bought a new stake in shares of Vanguard FTSE Developed Markets ETF in the 4th quarter valued at about $32,000. Finally, Crews Bank & Trust acquired a new position in shares of Vanguard FTSE Developed Markets ETF during the fourth quarter valued at about $37,000.

Vanguard FTSE Developed Markets ETF Stock Performance

NYSEARCA VEA opened at $51.24 on Friday. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $46.80 and a fifty-two week high of $53.40. The stock has a 50-day simple moving average of $51.14 and a two-hundred day simple moving average of $50.51. The firm has a market capitalization of $143.98 billion, a P/E ratio of 16.97 and a beta of 0.92.

Vanguard FTSE Developed Markets ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 21st were given a dividend of $0.2422 per share. The ex-dividend date of this dividend was Friday, March 21st.

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.