Whitaker Myers Wealth Managers LTD. has made a significant investment by acquiring a new position in the Vanguard FTSE Developed Markets ETF (NYSEARCA: VEA) during the third quarter of 2023. According to a recent filing with the Securities and Exchange Commission (SEC), the institutional investor purchased 92,510 shares, valued at approximately $5,543,000. This acquisition represents 1.2% of Whitaker Myers’ total holdings, positioning VEA as the firm’s 19th largest investment.
The Vanguard FTSE Developed Markets ETF is not only attracting Whitaker Myers but also drawing interest from several other large investors. Brighton Jones LLC increased its holdings in VEA by an impressive 79.2% in the fourth quarter. Following this boost, Brighton Jones now owns 243,622 shares worth around $11,650,000, having added an additional 107,649 shares during the quarter.
Another notable investment came from Revolve Wealth Partners LLC, which raised its stake in the ETF by 47.3%. After acquiring an additional 39,653 shares, Revolve now holds 123,485 shares valued at approximately $5,905,000. Other firms, including Capstone Wealth Management Group LLC, Russell Investments Group Ltd., and Okabena Investment Services Inc., have also made significant adjustments to their positions in VEA this year.
Vanguard FTSE Developed Markets ETF Overview
The Vanguard FTSE Developed Markets ETF, launched on July 20, 2007, primarily invests in a broad range of equity from developed markets outside the United States. This exchange-traded fund tracks a market-cap weighted index that includes large-, mid-, and small-cap stocks, making it an attractive option for investors seeking exposure to international markets.
As of the latest trading session, VEA opened at $62.68. The ETF boasts a market capitalization of $186.76 billion, a price-to-earnings (P/E) ratio of 16.34, and a beta of 0.87. It has a 50-day moving average price of $61.38 and a 200-day moving average price of $59.30. Over the past year, VEA has experienced a low of $45.14 and a high of $63.08.
Investors looking to explore VEA further can access up-to-date information on holdings and insider trades through platforms like HoldingsChannel.com. Additionally, MarketBeat.com offers a free daily newsletter summarizing the latest news and analyst ratings for the Vanguard FTSE Developed Markets ETF and related financial instruments. With growing interest from institutional investors, VEA continues to be a focal point for those navigating the global equity landscape.
