Twele Capital Management Inc. Increases Holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Twele Capital Management Inc. boosted its stake in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 459,018 shares of the company’s stock after purchasing an additional 50,203 shares during the quarter. Vanguard FTSE Developed Markets ETF comprises 4.7% of Twele Capital Management Inc.’s holdings, making the stock its 8th largest position. Twele Capital Management Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $21,950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kozak & Associates Inc. raised its position in Vanguard FTSE Developed Markets ETF by 268.0% in the 4th quarter. Kozak & Associates Inc. now owns 563 shares of the company’s stock valued at $27,000 after purchasing an additional 410 shares during the last quarter. Lummis Asset Management LP acquired a new stake in shares of Vanguard FTSE Developed Markets ETF in the third quarter valued at approximately $34,000. 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 worth $37,000 after purchasing an additional 713 shares during the last quarter. Fairscale Capital LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the second quarter worth $38,000. Finally, West Branch Capital LLC lifted its position in Vanguard FTSE Developed Markets ETF by 328.2% during the 3rd quarter. West Branch Capital LLC now owns 835 shares of the company’s stock valued at $44,000 after purchasing an additional 640 shares during the period.

Vanguard FTSE Developed Markets ETF Stock Up 1.2 %

NYSEARCA:VEA opened at $48.17 on Thursday. Vanguard FTSE Developed Markets ETF has a 12-month low of $45.91 and a 12-month high of $53.40. The stock’s fifty day simple moving average is $49.15 and its 200-day simple moving average is $50.34. The firm has a market capitalization of $126.21 billion, a P/E ratio of 13.32 and a beta of 0.88.

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.