Noble Family Wealth LLC has increased its stake in the Vanguard FTSE Developed Markets ETF (NYSEARCA: VEA) by 8.9% during the third quarter of 2023. According to its recent Form 13F filing with the Securities and Exchange Commission (SEC), the institutional investor now holds 639,448 shares of the ETF after acquiring an additional 52,052 shares in the period. This investment represents approximately 8.4% of Noble Family Wealth’s portfolio, making it the firm’s third-largest position. As of the latest filing, Noble’s holdings in the Vanguard FTSE Developed Markets ETF are valued at approximately $38,316,000.
Other institutional investors have also adjusted their positions in the Vanguard ETF. Apricus Wealth LLC established a new stake worth $596,000 during the third quarter. Simon Quick Advisors LLC notably raised its position by 42.2%, bringing its total to 848,705 shares, valued at $50,854,000 after purchasing an additional 252,059 shares.
Signaturefd LLC has increased its holdings by 0.7%, now owning 1,116,475 shares at a value of $66,899,000, following the acquisition of 7,895 shares. PDS Planning Inc also grew its stake by 0.7%, amassing 1,770,933 shares valued at $106,114,000 after purchasing an additional 12,055 shares. Finally, Quattro Financial Advisors LLC enhanced its stake by 0.9%, now holding 168,195 shares worth $10,078,000.
Market Performance Overview
As of the latest trading session, shares of the Vanguard FTSE Developed Markets ETF opened at $63.20. The fund has shown a robust performance, with a 50-day moving average at $61.59 and a 200-day moving average of $59.56. Over the past year, the ETF has experienced a low of $45.14 and a high of $63.21, indicating significant volatility in the market.
With a market capitalization of $188.31 billion, the Vanguard FTSE Developed Markets ETF boasts a price-to-earnings ratio of 16.34 and a beta of 0.87. This ETF primarily invests in large-, mid-, and small-cap stocks from developed markets outside the United States, tracking a market-cap weighted index. Launched on July 20, 2007, it is managed by Vanguard, a well-respected name in investment management.
Investors are increasingly interested in the Vanguard FTSE Developed Markets ETF as it provides exposure to a diverse range of equity markets across developed countries, making it a strategic choice for those looking to diversify their portfolios.
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