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

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $57.16 and last traded at $57.15, with a volume of 10926554 shares. The stock had previously closed at $56.97.

Vanguard FTSE Developed Markets ETF Trading Up 0.3%

The company has a 50-day moving average of $55.08 and a 200-day moving average of $51.75. The firm has a market capitalization of $164.19 billion, a price-to-earnings ratio of 16.34 and a beta of 0.89.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VEA. UP Strategic Wealth Investment Advisors LLC increased its position in Vanguard FTSE Developed Markets ETF by 39.7% in the fourth quarter. UP Strategic Wealth Investment Advisors LLC now owns 336,096 shares of the company’s stock worth $16,072,000 after buying an additional 95,531 shares during the period. Waterfront Wealth Inc. increased its holdings in shares of Vanguard FTSE Developed Markets ETF by 13.8% in the 1st quarter. Waterfront Wealth Inc. now owns 14,600 shares of the company’s stock worth $742,000 after acquiring an additional 1,770 shares during the period. Mcdaniel Terry & Co. lifted its position in Vanguard FTSE Developed Markets ETF by 13.5% in the 1st quarter. Mcdaniel Terry & Co. now owns 8,365 shares of the company’s stock valued at $425,000 after purchasing an additional 993 shares during the last quarter. Burling Wealth Partners LLC acquired a new position in Vanguard FTSE Developed Markets ETF during the 4th quarter valued at about $2,386,000. Finally, Upper Left Wealth Management LLC grew its position in Vanguard FTSE Developed Markets ETF by 24.1% in the 1st quarter. Upper Left Wealth Management LLC now owns 44,834 shares of the company’s stock worth $2,279,000 after purchasing an additional 8,721 shares during the last quarter.

About Vanguard FTSE Developed Markets ETF

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.