Nicholas Hoffman & Company LLC. Boosts Position in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Nicholas Hoffman & Company LLC. increased its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 13.2% during the 4th quarter, Holdings Channel reports. The firm owned 8,389,147 shares of the company’s stock after purchasing an additional 975,133 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises approximately 16.1% of Nicholas Hoffman & Company LLC.’s portfolio, making the stock its 2nd biggest holding. Nicholas Hoffman & Company LLC.’s holdings in Vanguard FTSE Developed Markets ETF were worth $401,169,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Kozak & Associates Inc. increased its position in shares of Vanguard FTSE Developed Markets ETF by 268.0% in the fourth quarter. Kozak & Associates Inc. now owns 563 shares of the company’s stock worth $27,000 after purchasing an additional 410 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in Vanguard FTSE Developed Markets ETF during the fourth quarter valued at approximately $29,000. Keystone Financial Group Inc. bought a new position in Vanguard FTSE Developed Markets ETF during the fourth quarter valued at approximately $32,000. Lummis Asset Management LP bought a new position in Vanguard FTSE Developed Markets ETF during the third quarter valued at approximately $34,000. Finally, Crews Bank & Trust bought a new position in Vanguard FTSE Developed Markets ETF during the fourth quarter valued at approximately $37,000.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of NYSEARCA VEA opened at $51.51 on Monday. Vanguard FTSE Developed Markets ETF has a one year low of $46.79 and a one year high of $53.40. The firm’s 50 day simple moving average is $49.17 and its two-hundred day simple moving average is $50.26. The stock has a market capitalization of $134.96 billion, a P/E ratio of 13.32 and a beta of 0.88.

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.