Steele Capital Management Inc. Makes New $56.96 Million Investment in Vanguard FTSE Developed Markets Index Fund ETF Shares (NYSEARCA:VEA)

Steele Capital Management Inc. acquired a new stake in Vanguard FTSE Developed Markets Index Fund ETF Shares (NYSEARCA:VEA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,189,187 shares of the company’s stock, valued at approximately $56,962,000. Vanguard FTSE Developed Markets Index Fund ETF Shares comprises about 3.7% of Steele Capital Management Inc.’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Creative Planning increased its stake in shares of Vanguard FTSE Developed Markets Index Fund ETF Shares by 1.4% in the third quarter. Creative Planning now owns 124,132,310 shares of the company’s stock valued at $5,427,065,000 after buying an additional 1,726,718 shares during the period. Betterment LLC lifted its stake in Vanguard FTSE Developed Markets Index Fund ETF Shares by 2.6% in the third quarter. Betterment LLC now owns 108,000,000 shares of the company’s stock valued at $4,735,356,000 after buying an additional 2,711,916 shares during the period. Jones Financial Companies Lllp grew its position in shares of Vanguard FTSE Developed Markets Index Fund ETF Shares by 1.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 76,186,378 shares of the company’s stock worth $3,330,868,000 after buying an additional 1,341,616 shares during the period. Morgan Stanley boosted its stake in Vanguard FTSE Developed Markets Index Fund ETF Shares by 3.7% during the third quarter. Morgan Stanley now owns 54,759,270 shares of the company’s stock worth $2,394,075,000 after acquiring an additional 1,930,476 shares in the last quarter. Finally, WealthNavi Inc. increased its position in Vanguard FTSE Developed Markets Index Fund ETF Shares by 2.5% in the 4th quarter. WealthNavi Inc. now owns 40,170,244 shares of the company’s stock valued at $1,924,155,000 after buying an additional 965,155 shares in the last quarter.

Vanguard FTSE Developed Markets Index Fund ETF Shares Trading Up 0.6 %

NYSEARCA VEA traded up $0.27 during mid-day trading on Monday, hitting $49.15. The company’s stock had a trading volume of 8,217,295 shares, compared to its average volume of 11,527,287. Vanguard FTSE Developed Markets Index Fund ETF Shares has a twelve month low of $41.48 and a twelve month high of $50.36. The firm has a market capitalization of $128.77 billion, a price-to-earnings ratio of 13.31 and a beta of 0.88. The company’s 50 day simple moving average is $49.23 and its 200 day simple moving average is $47.09.

About Vanguard FTSE Developed Markets Index Fund ETF Shares

The Vanguard Developed Markets Index Fund (VEA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap weighted index of large-, mid- and small-cap stocks from developed markets outside the US. VEA was launched on Jul 20, 2007 and is managed by Vanguard.