DKM Wealth Management Inc. Acquires New Shares in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

DKM Wealth Management Inc. acquired a new position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,170 shares of the company’s stock, valued at approximately $821,000. Vanguard FTSE Developed Markets ETF accounts for approximately 0.8% of DKM Wealth Management Inc.’s investment portfolio, making the stock its 18th largest position.

Other institutional investors also recently bought and sold shares of the company. WealthNavi Inc. boosted its holdings in Vanguard FTSE Developed Markets ETF by 7.2% in the fourth quarter. WealthNavi Inc. now owns 49,426,996 shares of the company’s stock valued at $2,363,599,000 after purchasing an additional 3,331,395 shares in the last quarter. Brooklyn FI LLC grew its holdings in Vanguard FTSE Developed Markets ETF by 6,702.3% during 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. grew its position in 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 worth $1,326,446,000 after buying an additional 931,799 shares during the period. LPL Financial LLC increased its position in shares of Vanguard FTSE Developed Markets ETF by 21.3% in the fourth quarter. LPL Financial LLC now owns 27,040,599 shares of the company’s stock valued at $1,293,081,000 after buying an additional 4,757,301 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Vanguard FTSE Developed Markets ETF by 56.6% during the 4th 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 Price Performance

Vanguard FTSE Developed Markets ETF stock opened at $51.01 on Wednesday. The firm’s 50-day moving average is $51.22 and its two-hundred day moving average is $50.50. The stock has a market capitalization of $144.36 billion, a P/E ratio of 15.89 and a beta of 0.86. 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 firm also recently announced a dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 21st were paid a $0.2422 dividend. The ex-dividend date was Friday, March 21st.

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.