Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Sets New 1-Year High – Still a Buy?

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.74 and last traded at $54.74, with a volume of 2909021 shares trading hands. The stock had previously closed at $54.50.

Vanguard FTSE Developed Markets ETF Trading Up 0.8%

The company has a market cap of $156.58 billion, a price-to-earnings ratio of 16.25 and a beta of 0.88. The stock’s fifty day simple moving average is $51.48 and its 200 day simple moving average is $50.40.

Hedge Funds Weigh In On Vanguard FTSE Developed Markets ETF

A number of institutional investors and hedge funds have recently made changes to their positions in VEA. Advisory Alpha LLC raised its holdings in shares of Vanguard FTSE Developed Markets ETF by 8.1% in the first quarter. Advisory Alpha LLC now owns 5,347 shares of the company’s stock valued at $272,000 after buying an additional 401 shares during the last quarter. Trinity Financial Advisors LLC lifted its position in Vanguard FTSE Developed Markets ETF by 11.2% during the 1st quarter. Trinity Financial Advisors LLC now owns 443,500 shares of the company’s stock worth $22,210,000 after acquiring an additional 44,829 shares during the period. Alaethes Wealth LLC lifted its position in Vanguard FTSE Developed Markets ETF by 160.5% during the 1st quarter. Alaethes Wealth LLC now owns 12,274 shares of the company’s stock worth $624,000 after acquiring an additional 7,562 shares during the period. SCS Capital Management LLC increased its holdings in shares of Vanguard FTSE Developed Markets ETF by 48.0% in the first quarter. SCS Capital Management LLC now owns 10,411,294 shares of the company’s stock valued at $529,206,000 after purchasing an additional 3,377,989 shares during the period. Finally, Wilson & Boucher Capital Management LLC increased its holdings in shares of Vanguard FTSE Developed Markets ETF by 6.4% in the first quarter. Wilson & Boucher Capital Management LLC now owns 21,519 shares of the company’s stock valued at $1,094,000 after purchasing an additional 1,303 shares during the period.

Vanguard FTSE Developed Markets ETF Company Profile

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.