Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Reaches New 1-Year High – What’s Next?

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $73.48 and last traded at $73.38, with a volume of 3904684 shares changing hands. The stock had previously closed at $72.69.

Vanguard FTSE Developed Markets ETF Trading Up 0.9%

The firm has a market cap of $237.65 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83. The firm’s 50-day moving average is $70.91 and its 200-day moving average is $68.80.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VEA. Bank of America Corp DE boosted its stake in Vanguard FTSE Developed Markets ETF by 2.1% during the 4th quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock valued at $12,853,704,000 after purchasing an additional 4,289,361 shares during the last quarter. Betterment LLC lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 0.8% in the fourth quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock valued at $8,657,615,000 after purchasing an additional 1,140,627 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Vanguard FTSE Developed Markets ETF by 44.0% in the fourth quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock valued at $5,652,975,000 after purchasing an additional 27,650,637 shares in the last quarter. Auto Owners Insurance Co boosted its position in shares of Vanguard FTSE Developed Markets ETF by 6,941.5% during the fourth quarter. Auto Owners Insurance Co now owns 73,636,513 shares of the company’s stock valued at $4,600,073,000 after buying an additional 72,590,763 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Vanguard FTSE Developed Markets ETF by 1.3% during the fourth quarter. Wells Fargo & Company MN now owns 64,314,341 shares of the company’s stock valued at $4,017,717,000 after buying an additional 848,196 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.