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

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $62.64 and last traded at $62.54, with a volume of 16605889 shares changing hands. The stock had previously closed at $61.84.

Vanguard FTSE Developed Markets ETF Trading Down 0.5%

The business has a fifty day moving average of $61.00 and a 200-day moving average of $58.88. The company has a market cap of $186.16 billion, a PE ratio of 16.34 and a beta of 0.87.

Institutional Trading of Vanguard FTSE Developed Markets ETF

Large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC grew its position 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 valued at $2,201,917,000 after buying an additional 22,700,179 shares during the period. Gallagher Fiduciary Advisors LLC boosted its stake in shares of Vanguard FTSE Developed Markets ETF by 5,002.6% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 11,901,177 shares of the company’s stock worth $678,486,000 after acquiring an additional 11,667,939 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Vanguard FTSE Developed Markets ETF by 904.9% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 10,887,168 shares of the company’s stock valued at $652,359,000 after acquiring an additional 9,803,737 shares during the period. Bank of America Corp DE increased its stake in shares of Vanguard FTSE Developed Markets ETF by 3.0% in the 2nd quarter. Bank of America Corp DE now owns 194,545,244 shares of the company’s stock worth $11,091,024,000 after purchasing an additional 5,747,233 shares in the last quarter. Finally, Jasper Ridge Partners L.P. raised its holdings in Vanguard FTSE Developed Markets ETF by 35.6% in the 3rd 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.