Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Sets New 1-Year High – Still a Buy?

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $73.48 and last traded at $73.38, with a volume of 3904684 shares. The stock had previously closed at $72.69.

Vanguard FTSE Developed Markets ETF Trading Up 0.3%

The firm has a market cap of $238.26 billion, a PE ratio of 16.34 and a beta of 0.83. The business’s 50-day simple moving average is $70.98 and its 200 day simple moving average is $68.92.

Hedge Funds Weigh In On Vanguard FTSE Developed Markets ETF

A number of large investors have recently bought and sold shares of VEA. Strategic Wealth Advisors LLC purchased a new position in shares of Vanguard FTSE Developed Markets ETF in the 4th quarter valued at $35,000. First Community Trust NA purchased a new stake in shares of Vanguard FTSE Developed Markets ETF during the 2nd quarter worth $37,000. Quaker Wealth Management LLC boosted its position in Vanguard FTSE Developed Markets ETF by 7,637.5% during the fourth quarter. Quaker Wealth Management LLC now owns 619 shares of the company’s stock valued at $39,000 after purchasing an additional 611 shares in the last quarter. Tidemark LLC boosted its position in Vanguard FTSE Developed Markets ETF by 80.9% during the fourth quarter. Tidemark LLC now owns 624 shares of the company’s stock valued at $39,000 after purchasing an additional 279 shares in the last quarter. Finally, Strategic Advocates LLC grew its stake in Vanguard FTSE Developed Markets ETF by 66.1% in the fourth quarter. Strategic Advocates LLC now owns 623 shares of the company’s stock valued at $39,000 after purchasing an additional 248 shares during the last quarter.

About Vanguard FTSE Developed Markets ETF

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.