American Money Management LLC Raises Stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

American Money Management LLC grew its position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 1.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 333,119 shares of the company’s stock after purchasing an additional 5,345 shares during the period. Vanguard FTSE Developed Markets ETF comprises 3.1% of American Money Management LLC’s investment portfolio, making the stock its 7th largest position. American Money Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $15,930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. WealthNavi Inc. raised its position in Vanguard FTSE Developed Markets ETF by 7.2% in the 4th 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. Brooklyn FI LLC grew its stake in shares of Vanguard FTSE Developed Markets ETF by 6,702.3% in the fourth quarter. Brooklyn FI LLC now owns 35,997,541 shares of the company’s stock worth $1,806,348,000 after acquiring an additional 35,468,345 shares during the period. Sei Investments Co. raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 3.5% during the fourth quarter. Sei Investments Co. now owns 27,738,297 shares of the company’s stock valued at $1,326,446,000 after purchasing an additional 931,799 shares during the last quarter. LPL Financial LLC lifted its position in Vanguard FTSE Developed Markets ETF by 21.3% during the fourth quarter. LPL Financial LLC now owns 27,040,599 shares of the company’s stock valued at $1,293,081,000 after purchasing an additional 4,757,301 shares during the period. Finally, US Bancorp DE boosted its holdings 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 worth $1,138,726,000 after purchasing an additional 8,608,172 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Trading Down 1.1 %

NYSEARCA:VEA opened at $51.24 on Friday. The company has a market cap of $143.98 billion, a PE ratio of 16.97 and a beta of 0.92. The company has a 50 day simple moving average of $51.14 and a two-hundred day simple moving average of $50.51. Vanguard FTSE Developed Markets ETF has a 12 month low of $46.80 and a 12 month high of $53.40.

Vanguard FTSE Developed Markets ETF Cuts Dividend

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

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.