Summit Financial Strategies Inc. Sells 8,056 Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Summit Financial Strategies Inc. reduced its holdings in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,319 shares of the company’s stock after selling 8,056 shares during the quarter. Vanguard FTSE Developed Markets ETF makes up approximately 0.5% of Summit Financial Strategies Inc.’s holdings, making the stock its 23rd biggest position. Summit Financial Strategies Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $4,400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bangor Savings Bank boosted its position in Vanguard FTSE Developed Markets ETF by 0.4% during the second quarter. Bangor Savings Bank now owns 51,300 shares of the company’s stock valued at $2,535,000 after purchasing an additional 201 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.8% in the 2nd quarter. Sunbelt Securities Inc. now owns 11,686 shares of the company’s stock valued at $578,000 after buying an additional 205 shares during the last quarter. Olistico Wealth LLC grew its stake in shares of Vanguard FTSE Developed Markets ETF by 13.9% in the third quarter. Olistico Wealth LLC now owns 1,708 shares of the company’s stock valued at $90,000 after buying an additional 208 shares in the last quarter. New England Private Wealth Advisors LLC increased its holdings in Vanguard FTSE Developed Markets ETF by 2.5% during the second quarter. New England Private Wealth Advisors LLC now owns 8,529 shares of the company’s stock worth $422,000 after buying an additional 209 shares during the last quarter. Finally, Orcam Financial Group raised its position in Vanguard FTSE Developed Markets ETF by 0.5% during the second quarter. Orcam Financial Group now owns 39,014 shares of the company’s stock worth $1,928,000 after acquiring an additional 210 shares in the last quarter.

Vanguard FTSE Developed Markets ETF Stock Performance

Vanguard FTSE Developed Markets ETF stock remained flat at $51.56 during midday trading on Thursday. The company had a trading volume of 1,410,966 shares, compared to its average volume of 9,553,085. The company has a market cap of $135.09 billion, a price-to-earnings ratio of 13.32 and a beta of 0.88. Vanguard FTSE Developed Markets ETF has a fifty-two week low of $41.48 and a fifty-two week high of $53.40. The firm has a 50 day moving average price of $51.57 and a 200-day moving average price of $50.46.

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.