Moran Wealth Management LLC Reduces Stake in Vanguard's International ETF

Moran Wealth Management LLC has reduced its investment in the Vanguard FTSE All-World ex-US ETF (NYSEARCA:VEU) by selling 3,499 shares, or 8.6% of its holdings, in the second quarter. Following this transaction, the firm's remaining stake in the ETF consisted of 37,089 shares. The latest filing with the SEC revealed the value of these shares to be approximately $2,018,000.

Activity of Other Investors

A range of hedge funds and institutional investors have also adjusted their positions in the Vanguard ETF. For instance, Chemistry Wealth Management LLC increased its holdings marginally by 1.3%, now owning 14,261 shares. Beacon Investment Advisory Services Inc. and White Lighthouse Investment Management Inc. both modestly increased their positions by 0.5% and 0.9%, respectively. Additionally, Optimum Investment Advisors boosted their stake by an impressive 10.1%. Perigon Wealth Management LLC grew its holdings by 0.3% during the first quarter, before the reporting period.

VEU ETF's Market Performance

The Vanguard FTSE All-World ex-US ETF's shares began trading at $54.22 on a recent Tuesday. The ETF has observed a 52-week low of $49.47 and a 52-week high of $56.63. With a market capitalization of $34.93 billion, a price-to-earnings (P/E) ratio of 11.20, and a beta of 0.82, VEU presents a certain level of stability and performance. The ETF has been averaging a fifty-day simple moving average of $51.93 and a 200-day simple moving average of $53.51.

About Vanguard FTSE All-World ex-US ETF

Vanguard FTSE All-World ex-US ETF, an exchange-traded fund, aims to replicate the performance of the FTSE All-World ex US Index, which includes about 2,200 companies from 46 countries across developed and emerging markets globally. The fund employs a passive management or indexing investment strategy.

Vanguard, ETF, Investment