Ballentine Partners LLC Increases Holdings in Vanguard FTSE Developed Markets ETF

Investment firm Ballentine Partners LLC has upped its investment in the Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) by 0.8% in the third quarter, according to recent reports from Holdings Channel. The institutional investor now possesses a total of 4,161,353 shares following the acquisition of an additional 32,079 shares in the timeframe. This ETF now represents a significant 4.3% of Ballentine Partners LLC's total portfolio, becoming the fifth largest holding for the investment firm.

Market Movements and Value

The Vanguard FTSE Developed Markets ETF's share price commenced trading at $47.91 as of the latest session. The ETF has had a 50-day simple moving average of $45.20 and a 200-day simple moving average of $45.38. It boasts a market capitalization of $117.86 billion, a price-to-earnings (PE) ratio of 11.40, and a beta of 0.89, reflecting less volatility than the overall market. The 12-month trading range for VEA has seen a low of $41.48 and a high of $48.16.

About Vanguard FTSE Developed Markets ETF

The Vanguard Developed Markets Index Fund ETF predominantly invests in the equity of the total market, focusing on large-, mid-, and small-cap stocks from developed markets, excluding the United States. The fund, which began on July 20, 2007, is overseen by Vanguard and follows a market-cap weighted index reflecting its diverse portfolio.

Interest from Other Investors

In addition to Ballentine Partners LLC, several other hedge funds and institutional investors have been adjusting their positions in VEA. Notably, new stakes were purchased by various firms across different quarters, with investments ranging from $25,000 to $32,000.

For those interested in tracking what other hedge funds are holding with regard to VEA, the latest 13F filings and insider trades can be obtained from HoldingsChannel.com.

Ballentine, Vanguard, Investments