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

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $62.28 and last traded at $62.2750, with a volume of 639685 shares. The stock had previously closed at $61.95.

Vanguard FTSE Developed Markets ETF Trading Up 0.5%

The company has a market cap of $185.55 billion, a PE ratio of 16.34 and a beta of 0.87. The business has a fifty day moving average of $60.75 and a 200-day moving average of $58.58.

Hedge Funds Weigh In On Vanguard FTSE Developed Markets ETF

Several hedge funds have recently made changes to their positions in VEA. Financial Network Wealth Advisors LLC purchased a new position in Vanguard FTSE Developed Markets ETF during the 1st quarter valued at $26,000. GGM Financials LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF during the 3rd quarter valued at about $27,000. Ulland Investment Advisors LLC increased its position in shares of Vanguard FTSE Developed Markets ETF by 75.6% during the third quarter. Ulland Investment Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after buying an additional 242 shares during the period. IFS Advisors LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF during the second quarter valued at about $35,000. Finally, Cloud Capital Management LLC bought a new position in Vanguard FTSE Developed Markets ETF in the third quarter worth about $37,000.

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.