Keating Wealth Management LLC Invests in Vanguard FTSE Developed Markets ETF

Keating Wealth Management LLC has recently established a new investment in the Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA), as indicated in the latest Securities & Exchange Commission filings. During the fourth quarter, the firm purchased 8,104 shares, which are presently valued at around $388,000. This new acquisition accounts for 0.3% of Keating Wealth Management's total portfolio, ranking as the 29th largest holding of the company.

Investment Activities in the ETF

Keating Wealth Management is not alone in adjusting its holdings in the ETF. Cantor Fitzgerald Investment Advisor L.P increased its stake by purchasing an additional 11,011 shares, bringing its total to 1,002,770 shares valued at about $48.16 million. Ironwood Wealth Management LLC. significantly increased their investment by 70.3%, owning 26,321 shares worth around $1.26 million. Similarly, Mirae Asset Global Investments Co. Ltd. augmented its position by 3.0%, now controlling 5,186,505 shares with a market value of approximately $249.11 million. MAS Advisors LLC also enhanced its Vanguard FTSE Developed Markets ETF shares by 13.7%, totaling 44,656 shares valued at $2.18 million. Lastly, Canada Pension Plan Investment Board initiated a new holding with an investment of $6 million in the fund.

About Vanguard FTSE Developed Markets ETF

The Vanguard FTSE Developed Markets ETF is a sizable fund with a market capitalization of $122.85 billion. It operates with a price-to-earnings ratio of 11.40 and exhibits a beta of 0.89. The ETF has performed solidly, with its shares starting at $49.94 on the last trading session. Its pricing trends have shown stability, holding a fifty-day moving average of $48.31 and a longer 200-day moving average of $46.21. The ETF has seen a range between a 52-week low of $41.48 and a 52-week high of $50.36. Designed to offer broad exposure to large-, mid-, and small-cap companies from developed markets outside the United States, it is managed by Vanguard and was inaugurated on July 20, 2007.

Investment, ETF, Vanguard