Objective Capital Management LLC Invests $2.02 Million in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Objective Capital Management LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 38,279 shares of the company’s stock, valued at approximately $2,022,000. Vanguard FTSE Developed Markets ETF accounts for 1.2% of Objective Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds have also modified their holdings of the business. Transcendent Capital Group LLC boosted its holdings in Vanguard FTSE Developed Markets ETF by 101.2% during the 2nd quarter. Transcendent Capital Group LLC now owns 509 shares of the company’s stock valued at $25,000 after acquiring an additional 256 shares during the period. Triad Wealth Partners LLC purchased a new position in Vanguard FTSE Developed Markets ETF during the 2nd quarter valued at about $31,000. Spectrum Wealth Counsel LLC acquired a new stake in Vanguard FTSE Developed Markets ETF in the 2nd quarter valued at about $33,000. Abich Financial Wealth Management LLC raised its position in Vanguard FTSE Developed Markets ETF by 2,458.6% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 742 shares of the company’s stock valued at $37,000 after purchasing an additional 713 shares in the last quarter. Finally, Fairscale Capital LLC acquired a new stake in Vanguard FTSE Developed Markets ETF in the 2nd quarter valued at about $38,000.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of NYSEARCA VEA traded down $0.67 during midday trading on Friday, hitting $50.25. 9,223,896 shares of the company’s stock were exchanged, compared to its average volume of 9,512,234. Vanguard FTSE Developed Markets ETF has a twelve month low of $43.29 and a twelve month high of $53.40. The company has a market cap of $131.66 billion, a PE ratio of 13.32 and a beta of 0.88. The firm’s fifty day simple moving average is $51.47 and its 200-day simple moving average is $50.65.

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.