Whitaker Myers Wealth Managers LTD. has acquired a new stake in the Vanguard FTSE Developed Markets ETF (NYSEARCA: VEA) during the third quarter. 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 investment represents about 1.2% of Whitaker Myers’ total holdings, making VEA its 19th largest position.
Several other significant investors have also adjusted their stakes in the Vanguard FTSE Developed Markets ETF. Brighton Jones LLC increased its holdings by 79.2% during the fourth quarter, acquiring an additional 107,649 shares. This brings its total ownership to 243,622 shares, valued at around $11,650,000.
Revolve Wealth Partners LLC and Capstone Wealth Management Group LLC have similarly expanded their positions. Revolve reported a 47.3% increase in shares during the same quarter, ending with 123,485 shares worth $5,905,000. Capstone, on the other hand, purchased a new stake valued at approximately $209,000 in the first quarter.
Russell Investments Group Ltd. and Okabena Investment Services Inc. have also made notable adjustments. Russell grew its holdings by 51.2%, now owning 13,670 shares valued at $695,000. Meanwhile, Okabena increased its position by 31.4%, resulting in ownership of 249,572 shares worth about $12,686,000.
Vanguard ETF Performance Insights
As of Friday, VEA shares opened at $62.68, with a market capitalization of $186.76 billion. The ETF has a price-to-earnings ratio of 16.34 and a beta of 0.87. Over the past year, the stock has fluctuated between a low of $45.14 and a high of $63.08, reflecting its robust performance in the market.
The Vanguard FTSE Developed Markets ETF primarily invests in a wide range of equity from developed markets outside the United States. Launched on July 20, 2007, it tracks a market-cap weighted index that includes large-, mid-, and small-cap stocks across these markets. The ETF is managed by Vanguard, a reputable name in the investment management industry.
Investors interested in the latest holdings and transactions related to VEA can visit HoldingsChannel.com for comprehensive insights into institutional activities.
This recent activity among institutional investors highlights a growing interest in diversified equity investments, particularly in developed markets outside the U.S. As investment strategies evolve, the Vanguard FTSE Developed Markets ETF remains a key player in many portfolios, reflecting both market trends and investor confidence.
