Baker Boyer National Bank Reduces Stake in Vanguard FTSE Developed Markets ETF

Baker Boyer National Bank has decreased its investment in the Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 11.9% during the third quarter. This information comes from the bank's latest Form 13F filing with the Securities and Exchange Commission. Following the reduction, the bank now owns 91,674 shares of VEA after selling 12,334 shares in this period.

As per the filing, the total value of Baker Boyer National Bank's holdings in the Vanguard FTSE Developed Markets ETF is approximately $4,841,000. This ETF represents about 1.6% of the bank's overall portfolio, marking it as the 11th largest position within its investments.

In addition to Baker Boyer National Bank's adjustment, other institutional investors have also modified their stakes in VEA recently. For instance, Transcendent Capital Group LLC increased its stake by 101.2% in the second quarter, now owning 509 shares valued at $25,000 after acquiring an additional 256 shares. Similarly, Triad Wealth Partners LLC and Spectrum Wealth Counsel LLC have both newly invested in the ETF, with stakes worth around $31,000 and $33,000, respectively.

Another notable investment change comes from Abich Financial Wealth Management LLC, which drastically increased its holdings by 2,458.6% during the same quarter. After purchasing an additional 713 shares, Abich now owns 742 shares worth $37,000. Fairscale Capital LLC also entered the market with a new stake valued at approximately $38,000.

Current Performance of Vanguard FTSE Developed Markets ETF

As of Monday, shares of the Vanguard FTSE Developed Markets ETF (VEA) opened at $51.83. The fund's 50-day simple moving average stands at $51.68, while the 200-day simple moving average is at $50.49. Over the past year, the stock has experienced a low of $41.48 and a high of $53.40. Currently, the ETF holds a market capitalization of $135.79 billion, with a price-to-earnings ratio of 13.32 and a beta of 0.88.

About Vanguard FTSE Developed Markets ETF

The Vanguard FTSE Developed Markets ETF (VEA) primarily invests in a diverse range of market equities. This fund is designed to track a market-cap weighted index comprising large-, mid-, and small-cap stocks sourced from developed markets outside the United States. Launched on July 20, 2007, this ETF is managed by Vanguard.

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