Baker Boyer National Bank Adjusts Holdings in Vanguard FTSE Developed Markets ETF

Baker Boyer National Bank has reduced its investment in the Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA – Free Report) by 11.9% during the third quarter, based on its latest Form 13F filing with the Securities and Exchange Commission. After selling 12,334 shares, the bank now holds 91,674 shares in the fund. The Vanguard FTSE Developed Markets ETF represents 1.6% of Baker Boyer National Bank's total portfolio, making it the bank's 11th largest investment. As per the latest filing, the value of its holdings in the Vanguard ETF stands at approximately $4.84 million.

Several other institutional investors have also modified their positions in the Vanguard FTSE Developed Markets ETF recently. For instance, Transcendent Capital Group LLC increased its stake by 101.2% in the second quarter and now owns 509 shares valued at around $25,000 after adding 256 shares. Similarly, Triad Wealth Partners LLC and Spectrum Wealth Counsel LLC acquired new stakes in the ETF during the same period, valued at approximately $31,000 and $33,000, respectively. Additionally, Abich Financial Wealth Management LLC significantly boosted its holdings by 2,458.6%, now owning 742 shares worth about $37,000 after purchasing an extra 713 shares. Fairscale Capital LLC also entered the market with a new position valued at roughly $38,000.

Current Performance of Vanguard FTSE Developed Markets ETF

As of Monday, shares of VEA opened at $51.83. The stock has a 50-day simple moving average of $51.68 and a 200-day simple moving average sitting at $50.49. Over the past year, the Vanguard FTSE Developed Markets ETF has experienced a low of $41.48 and a high of $53.40. It has a market capitalization of $135.79 billion and a price-to-earnings ratio of 13.32, with a beta of 0.88, indicating its volatility compared to the broader market.

About Vanguard FTSE Developed Markets ETF

The Vanguard FTSE Developed Markets Index Fund (VEA) is an exchange-traded fund that primarily invests in a broad range of equity markets. The fund follows a market-cap weighted index and includes large-, mid-, and small-cap stocks from developed markets outside of the United States. Launched on July 20, 2007, it is managed by Vanguard.

Baker, Bank, ETF