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

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEAGet Free Report)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $64.46 and last traded at $64.3230, with a volume of 1639772 shares trading hands. The stock had previously closed at $63.94.

Vanguard FTSE Developed Markets ETF Stock Up 0.7%

The business’s 50 day moving average price is $61.80 and its 200-day moving average price is $59.79. The company has a market cap of $199.47 billion, a PE ratio of 16.34 and a beta of 0.87.

Hedge Funds Weigh In On Vanguard FTSE Developed Markets ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GGM Financials LLC acquired a new stake in Vanguard FTSE Developed Markets ETF during the 3rd quarter valued at approximately $27,000. Ulland Investment Advisors LLC boosted its stake in Vanguard FTSE Developed Markets ETF by 75.6% during the 3rd quarter. Ulland Investment Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after acquiring an additional 242 shares during the last quarter. IFS Advisors LLC acquired a new position in Vanguard FTSE Developed Markets ETF during the 2nd quarter worth $35,000. Cloud Capital Management LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF in the 3rd quarter worth about $37,000. Finally, Armstrong Advisory Group Inc. raised its stake in shares of Vanguard FTSE Developed Markets ETF by 210.1% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 831 shares of the company’s stock valued at $47,000 after purchasing an additional 563 shares in the last quarter.

About Vanguard FTSE Developed Markets ETF

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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.

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