Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Reaches New 1-Year High – Time to Buy?

Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $55.95 and last traded at $55.93, with a volume of 2502165 shares trading hands. The stock had previously closed at $55.58.

Vanguard FTSE Developed Markets ETF Price Performance

The company’s 50 day moving average is $52.24 and its two-hundred day moving average is $50.85. The firm has a market cap of $159.06 billion, a P/E ratio of 16.52 and a beta of 0.87.

Institutional Investors Weigh In On Vanguard FTSE Developed Markets ETF

Several hedge funds have recently made changes to their positions in VEA. Brooklyn FI LLC lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 6,702.3% in the fourth quarter. Brooklyn FI LLC now owns 35,997,541 shares of the company’s stock valued at $1,806,348,000 after buying an additional 35,468,345 shares during the period. Wealthspire Advisors LLC lifted its stake in Vanguard FTSE Developed Markets ETF by 110.7% during the first quarter. Wealthspire Advisors LLC now owns 22,514,780 shares of the company’s stock worth $1,144,426,000 after purchasing an additional 11,830,891 shares during the period. Raymond James Financial Inc. bought a new position in Vanguard FTSE Developed Markets ETF during the fourth quarter worth about $563,154,000. Bank of America Corp DE lifted its stake in Vanguard FTSE Developed Markets ETF by 6.6% during the fourth quarter. Bank of America Corp DE now owns 175,393,114 shares of the company’s stock worth $8,387,299,000 after purchasing an additional 10,807,527 shares during the period. Finally, Strategic Financial Concepts LLC lifted its stake in Vanguard FTSE Developed Markets ETF by 5,780.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 10,808,939 shares of the company’s stock worth $516,883,000 after purchasing an additional 10,625,142 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.