Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Sets New 12-Month High – Still a Buy?

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEAGet Free Report) hit a new 52-week high on Tuesday . The company traded as high as $74.04 and last traded at $73.69, with a volume of 6580939 shares. The stock had previously closed at $73.58.

Vanguard FTSE Developed Markets ETF Trading Up 0.6%

The company has a 50 day simple moving average of $71.27 and a 200-day simple moving average of $69.09. The stock has a market cap of $235.96 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VEA. Buck Wealth Strategies LLC raised its stake in shares of Vanguard FTSE Developed Markets ETF by 16.3% during the 4th quarter. Buck Wealth Strategies LLC now owns 364,560 shares of the company’s stock worth $22,774,000 after purchasing an additional 51,187 shares in the last quarter. Green Ridge Wealth Planning LLC bought a new position in shares of Vanguard FTSE Developed Markets ETF in the fourth quarter valued at $15,031,000. Root Financial Partners LLC grew its stake in shares of Vanguard FTSE Developed Markets ETF by 27.1% in the fourth quarter. Root Financial Partners LLC now owns 97,303 shares of the company’s stock valued at $6,079,000 after buying an additional 20,769 shares in the last quarter. Verus Advisory Inc. bought a new position in shares of Vanguard FTSE Developed Markets ETF in the fourth quarter valued at $9,561,000. Finally, Amara Financial LLC. increased its holdings in Vanguard FTSE Developed Markets ETF by 15.7% during the fourth quarter. Amara Financial LLC. now owns 336,393 shares of the company’s stock worth $21,014,000 after buying an additional 45,737 shares during the last quarter.

Vanguard FTSE Developed Markets ETF Company Profile

(Get Free Report)

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.

Further Reading

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