Moran Wealth Management Reduces Stake in Vanguard FTSE All-World ex-US ETF

Moran Wealth Management LLC has trimmed its investment in the Vanguard FTSE All-World ex-US ETF (NYSEARCA:VEU), as indicated in the latest filings with the Securities and Exchange Commission (SEC). The adjustment occurred during the second quarter, with the company selling off 3,499 shares. After this move, Moran Wealth Management's remaining share count stood at 37,089. The value of these shares is reported to be approximately $2,018,000 according to the most recent SEC filing.

Other Hedge Funds' Movements

Several other hedge funds and institutional investors have also adjusted their positions in VEU. Chemistry Wealth Management added to its stake by 1.3%, now possessing 14,261 shares. Beacon Investment Advisory Services nudged their holdings up by 0.5%, accumulating a total of 36,656 shares. White Lighthouse Investment Management saw a 0.9% increase in their investment, owning 21,723 shares, while Optimum Investment Advisors witnessed a 10.1% hike up to 2,202 shares. Additionally, Perigon Wealth Management boosted their stake by 0.3% in the first quarter, now holding 71,487 shares.

VEU ETF Market Performance

The VEU ETF opened trading at $54.22 on a recent Tuesday, showcasing a slight uptick of 0.6%. It has observed a 52-week low at $49.47 and a high at $56.63. The ETF carries a market capitalization of $34.93 billion, a price-to-earnings (P/E) ratio standing at 11.20 and a beta of 0.82. Furthermore, its 50-day simple moving average is posted at $51.93, with a 200-day simple moving average of $53.51.

About Vanguard FTSE All-World ex-US ETF

The Vanguard FTSE All-World ex-US ETF aims to replicate the results of the FTSE All-World ex US Index. This index encompasses roughly 2,200 stocks across 46 various countries, taking into account both developed and emerging markets.

Investment, WealthManagement, ETF