Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Sets New 12-Month High – Here’s Why

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.86 and last traded at $71.86, with a volume of 785140 shares changing hands. The stock had previously closed at $70.46.

Vanguard FTSE Developed Markets ETF Trading Up 1.5%

The stock has a market capitalization of $229.42 billion, a PE ratio of 16.34 and a beta of 0.83. The firm’s fifty day moving average is $67.26 and its 200-day moving average is $65.39.

Institutional Trading of Vanguard FTSE Developed Markets ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Auto Owners Insurance Co increased its stake in 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 worth $4,600,073,000 after purchasing an additional 72,590,763 shares during the period. Morgan Stanley increased its stake in Vanguard FTSE Developed Markets ETF by 44.0% during the fourth quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock worth $5,652,975,000 after purchasing an additional 27,650,637 shares during the period. Corient Private Wealth LLC increased its stake in Vanguard FTSE Developed Markets ETF by 122.9% during the second quarter. Corient Private Wealth LLC now owns 41,168,047 shares of the company’s stock worth $2,201,917,000 after purchasing an additional 22,700,179 shares during the period. Moneta Group Investment Advisors LLC increased its stake in Vanguard FTSE Developed Markets ETF by 904.9% during the third quarter. Moneta Group Investment Advisors LLC now owns 10,887,168 shares of the company’s stock worth $652,359,000 after purchasing an additional 9,803,737 shares during the period. Finally, Jasper Ridge Partners L.P. increased its stake in Vanguard FTSE Developed Markets ETF by 35.6% during the third quarter. Jasper Ridge Partners L.P. now owns 20,757,883 shares of the company’s stock worth $1,243,812,000 after purchasing an additional 5,451,849 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.