Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Reaches New 52-Week High – Still a Buy?

Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) hit a new 52-week high on Thursday . The company traded as high as $70.33 and last traded at $70.26, with a volume of 12214268 shares traded. The stock had previously closed at $69.46.

Vanguard FTSE Developed Markets ETF Price Performance

The stock has a market capitalization of $217.64 billion, a P/E ratio of 16.34 and a beta of 0.87. The firm has a 50-day simple moving average of $65.69 and a 200 day simple moving average of $62.19.

Institutional Investors Weigh In On Vanguard FTSE Developed Markets ETF

Several hedge funds have recently added to or reduced their stakes in VEA. Topor & Co. Korea acquired a new position in Vanguard FTSE Developed Markets ETF in the 4th quarter valued at approximately $1,516,000. Tempo Wealth LLC acquired a new position in shares of Vanguard FTSE Developed Markets ETF during the fourth quarter worth $1,473,000. MidFirst Bank acquired a new position in shares of Vanguard FTSE Developed Markets ETF during the fourth quarter worth $228,000. DGS Capital Management LLC grew its stake in shares of Vanguard FTSE Developed Markets ETF by 2.0% in the fourth quarter. DGS Capital Management LLC now owns 39,630 shares of the company’s stock worth $2,476,000 after purchasing an additional 762 shares during the last quarter. Finally, Ketron Financial acquired a new stake in Vanguard FTSE Developed Markets ETF in the fourth quarter valued at $1,189,000.

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.