Paragon Capital Management Ltd has recently increased its investment in the Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA – Free Report) by 2.4% during the second quarter, as indicated in its latest Form 13F filing with the Securities & Exchange Commission. Following this acquisition, the institutional investor now holds 28,597 shares of the ETF, having added 677 shares during the quarter. At the close of this period, Paragon Capital Management Ltd’s stake in the Vanguard FTSE Developed Markets ETF was valued at approximately $1,630,000.
Other hedge funds have also made adjustments to their positions in VEA. For instance, Kessler Investment Group LLC initiated a new position in the ETF during the first quarter, valued at $26,000. Similarly, von Borstel & Associates Inc. and Financial Network Wealth Advisors LLC both acquired new stakes in the Vanguard FTSE Developed Markets ETF, each worth about $26,000. Financial Gravity Asset Management Inc. also entered the market with a new stake valued at approximately $28,000. Notably, Nemes Rush Group LLC significantly increased its stake by 236.5% in the first quarter, now owning 572 shares worth $29,000 after purchasing an additional 402 shares.
Vanguard FTSE Developed Markets ETF Stock Up 0.6%
On Friday, VEA stock opened at $59.41. The Vanguard FTSE Developed Markets ETF has experienced a 12-month low of $45.14 and a high of $60.51. With a market capitalization of $170.69 billion, the ETF boasts a P/E ratio of 16.34 and a beta of 0.89. The 50-day moving average price stands at $58.59, while the two-hundred-day moving average price is $55.39.
About Vanguard FTSE Developed Markets ETF
The Vanguard Developed Markets Index Fund (VEA) is an exchange-traded fund that primarily invests in total market equity. This fund tracks a market-cap weighted index comprising large-, mid-, and small-cap stocks from developed markets outside the United States. Launched on July 20, 2007, VEA is managed by Vanguard.
Featured Stories
Want to see what other hedge funds are holding VEA? Visit HoldingsChannel.com for the latest 13F filings and insider trades related to the Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA – Free Report).
Receive News & Ratings for Vanguard FTSE Developed Markets ETF Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Vanguard FTSE Developed Markets ETF and related companies with MarketBeat.com’s FREE daily email newsletter.
