Family Firm Inc. has increased its investment in the Vanguard FTSE Developed Markets ETF (NYSEARCA: VEA) by 0.7% during the second quarter of 2023. According to its latest filing with the Securities and Exchange Commission, the institutional investor now holds a total of 677,075 shares after acquiring an additional 4,520 shares during this period. This move positions the Vanguard FTSE Developed Markets ETF as Family Firm Inc.’s second largest holding, representing 9.3% of its investment portfolio.
As of the most recent filing, Family Firm Inc.’s holdings in the Vanguard FTSE Developed Markets ETF are valued at approximately $38.6 million. The ETF tracks a market-cap weighted index that includes large-, mid-, and small-cap stocks from developed markets outside the United States. Launched on July 20, 2007, the fund is managed by Vanguard.
Several other hedge funds have also made adjustments to their positions in VEA recently. For instance, Financial Network Wealth Advisors LLC established a new position in the ETF during the first quarter, valued at around $26,000. Similarly, Nemes Rush Group LLC increased its holdings by an impressive 236.5%, now owning 572 shares valued at $29,000 after adding 402 shares in the last quarter.
IFS Advisors LLC also purchased a new position in the ETF during the second quarter, estimated at $35,000. Armstrong Advisory Group Inc. expanded its stake by 210.1% during the same period, bringing its total to 831 shares worth approximately $47,000. Mid American Wealth Advisory Group Inc. further joined the ranks of new investors, acquiring a position valued at around $52,000 during the second quarter.
In trading on Friday, the shares of Vanguard FTSE Developed Markets ETF opened at $61.40, reflecting a decline of 1.2%. The ETF has a market capitalization of $182.94 billion, a price-to-earnings ratio of 16.34, and a beta of 0.87. Over the past twelve months, the stock has fluctuated between a low of $45.14 and a high of $62.20. The 50-day moving average stands at $60.44, while the 200-day moving average is at $57.83.
Investors interested in the Vanguard FTSE Developed Markets ETF can find more information about recent holdings and insider trades through platforms that track institutional investment activity.
