Pinion Investment Advisors LLC Lowers Stock Holdings in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)

Pinion Investment Advisors LLC reduced its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 6.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,278 shares of the company’s stock after selling 1,588 shares during the period. Pinion Investment Advisors LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth $1,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Kozak & Associates Inc. raised its stake in 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 buying an additional 410 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the 4th quarter worth about $29,000. Keystone Financial Group Inc. purchased a new stake in shares of Vanguard FTSE Developed Markets ETF during the fourth quarter valued at approximately $32,000. Lummis Asset Management LP purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the third quarter worth $34,000. Finally, Crews Bank & Trust bought a new position in Vanguard FTSE Developed Markets ETF during the 4th quarter valued at about $37,000.

Vanguard FTSE Developed Markets ETF Price Performance

VEA stock opened at $51.45 on Tuesday. The stock’s fifty day moving average price is $49.62 and its 200-day moving average price is $50.44. The company has a market cap of $144.57 billion, a P/E ratio of 16.75 and a beta of 0.92. Vanguard FTSE Developed Markets ETF has a 1 year low of $46.79 and a 1 year high of $53.40.

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.