Cromwell Holdings LLC has purchased a significant stake in the Vanguard FTSE Developed Markets ETF (NYSEARCA: VEA), acquiring 18,000 shares valued at approximately $1,079,000. This investment, made in the third quarter of 2023, represents about 0.6% of Cromwell’s total investment portfolio, positioning VEA as the firm’s 26th largest holding.
Several other institutional investors have also recently adjusted their positions in the Vanguard ETF. Notably, Corient Private Wealth LLC increased its holdings by 122.9% during the second quarter, bringing its total to 41,168,047 shares worth approximately $2.2 billion after acquiring an additional 22,700,179 shares. In a remarkable move, Gallagher Fiduciary Advisors LLC boosted its position by an astonishing 5,002.6%, now owning 11,901,177 shares valued at around $678.5 million following the purchase of 11,667,939 shares.
Bank of America Corp DE also increased its stake by 3.0%, owning 194,545,244 shares valued at about $11.1 billion after acquiring 5,747,233 shares. Gridiron Partners LLC saw a significant increase in its ownership, raising it by 16,333.2% during the same quarter, now holding 4,432,845 shares worth $265.6 million.
Another noteworthy investor, Captrust Financial Advisors, increased its position by 20.9%, owning 24,996,434 shares valued at approximately $1.4 billion after adding 4,314,597 shares.
Market Performance of Vanguard ETF
On the trading front, the Vanguard FTSE Developed Markets ETF opened at $63.94 on Friday, reflecting a slight increase of 0.1%. The ETF boasts a market capitalization of $198.06 billion and has a price-to-earnings ratio of 16.34. Over the past year, the ETF has experienced a low of $45.14 and a high of $64.19. Its 50-day simple moving average stands at $61.80, while the 200-day simple moving average is at $59.79.
The Vanguard FTSE Developed Markets ETF primarily invests in a broad range of equities from developed markets outside of the United States, tracking a market-cap weighted index that includes large-, mid-, and small-cap stocks. Launched on July 20, 2007, the ETF is managed by Vanguard, a well-regarded entity in the investment management industry.
Investors interested in further developments regarding the Vanguard FTSE Developed Markets ETF can visit HoldingsChannel.com for the latest 13F filings and insider trading information.
