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

Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) hit a new 52-week high on Friday . The stock traded as high as $69.45 and last traded at $69.3590, with a volume of 3121260 shares traded. The stock had previously closed at $68.79.

Vanguard FTSE Developed Markets ETF Stock Up 1.1%

The firm has a 50 day moving average price of $65.26 and a 200 day moving average price of $61.94. The stock has a market cap of $215.35 billion, a PE ratio of 16.34 and a beta of 0.87.

Institutional Investors Weigh In On Vanguard FTSE Developed Markets ETF

Several hedge funds have recently modified their holdings of the business. Brighton Jones LLC boosted its position in Vanguard FTSE Developed Markets ETF by 79.2% during the fourth quarter. Brighton Jones LLC now owns 243,622 shares of the company’s stock valued at $11,650,000 after purchasing an additional 107,649 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 47.3% in the 4th quarter. Revolve Wealth Partners LLC now owns 123,485 shares of the company’s stock valued at $5,905,000 after buying an additional 39,653 shares in the last quarter. Capstone Wealth Management Group LLC bought a new stake in shares of Vanguard FTSE Developed Markets ETF in the 1st quarter valued at about $209,000. Carnegie Investment Counsel grew its position in shares of Vanguard FTSE Developed Markets ETF by 4.4% in the 2nd quarter. Carnegie Investment Counsel now owns 10,628 shares of the company’s stock worth $606,000 after buying an additional 450 shares during the last quarter. Finally, Lee Danner & Bass Inc. raised its stake in shares of Vanguard FTSE Developed Markets ETF by 41.0% during the 2nd quarter. Lee Danner & Bass Inc. now owns 10,318 shares of the company’s stock worth $588,000 after acquiring an additional 3,000 shares in 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.