Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Hits New 12-Month High – Time to Buy?

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) hit a new 52-week high during trading on Thursday . The stock traded as high as $65.12 and last traded at $65.0550, with a volume of 773391 shares. The stock had previously closed at $64.87.

Vanguard FTSE Developed Markets ETF Stock Performance

The firm’s fifty day moving average is $62.11 and its 200-day moving average is $60.05. The company has a market capitalization of $201.39 billion, a P/E ratio of 16.34 and a beta of 0.87.

Hedge Funds Weigh In On Vanguard FTSE Developed Markets ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in VEA. Bank of America Corp DE boosted its position in shares of Vanguard FTSE Developed Markets ETF by 3.0% during the 2nd quarter. Bank of America Corp DE now owns 194,545,244 shares of the company’s stock valued at $11,091,024,000 after purchasing an additional 5,747,233 shares in the last quarter. Betterment LLC lifted its stake in Vanguard FTSE Developed Markets ETF by 2.5% in the third quarter. Betterment LLC now owns 137,447,739 shares of the company’s stock valued at $8,235,869,000 after buying an additional 3,364,345 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 99,706,551 shares of the company’s stock worth $5,684,072,000 after buying an additional 958,633 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 3.1% during the 3rd quarter. Wealthfront Advisers LLC now owns 58,309,968 shares of the company’s stock worth $3,493,933,000 after buying an additional 1,755,210 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Vanguard FTSE Developed Markets ETF by 5.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 58,128,458 shares of the company’s stock worth $3,483,057,000 after buying an additional 3,076,786 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.