Cromwell Holdings LLC has made a significant move in the investment landscape by acquiring 18,000 shares of the Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) during the third quarter. The total investment is valued at approximately $1,079,000, positioning VEA as the 26th largest holding within Cromwell’s investment portfolio, which accounts for about 0.6% of its total assets.
Several other institutional investors have also recently adjusted their positions in VEA. Notably, Corient Private Wealth LLC expanded its stake by an impressive 122.9% in the second quarter, increasing its holdings to 41,168,047 shares, valued at around $2.2 billion. This substantial acquisition involved adding 22,700,179 shares to their portfolio.
Similarly, Gallagher Fiduciary Advisors LLC reported a staggering increase of 5,002.6% in its investment during the same quarter. The firm acquired an additional 11,667,939 shares, bringing its total to 11,901,177 shares, valued at $678.5 million. Other notable investors include Bank of America Corp DE, which increased its holdings by 3.0%, now owning 194,545,244 shares worth approximately $11.1 billion after acquiring 5,747,233 shares.
In an extraordinary move, Gridiron Partners LLC boosted its position in the ETF by 16,333.2% during the third quarter. The firm now holds 4,432,845 shares, valued at $265.6 million, after purchasing an additional 4,405,870 shares.
Captrust Financial Advisors also enhanced its stake in the second quarter, increasing its holdings by 20.9%. This adjustment brought Captrust’s total to 24,996,434 shares, valued at approximately $1.4 billion following the acquisition of 4,314,597 shares.
As for the performance of VEA, shares opened at $63.94 on Friday, showing a slight increase of 0.1%. The ETF currently boasts a market capitalization of $198.06 billion and has a price-to-earnings ratio of 16.34. Over the past year, the stock has fluctuated between a low of $45.14 and a high of $64.19. The fifty-day simple moving average stands at $61.80, while the two-hundred-day average is $59.79.
The Vanguard FTSE Developed Markets ETF, launched on July 20, 2007, primarily invests in a diverse range of equities across developed markets outside the United States. This exchange-traded fund is designed to track a market-cap weighted index that includes large-, mid-, and small-cap stocks, offering investors a broad exposure to the global market.
For those interested in tracking institutional investments in VEA, HoldingsChannel.com provides updates on the latest filings and insider trades, allowing investors to stay informed on market movements and trends.
