Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Reaches New 12-Month High – What’s Next?

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) reached a new 52-week high during trading on Friday . The company traded as high as $53.66 and last traded at $53.65, with a volume of 949634 shares trading hands. The stock had previously closed at $52.65.

Vanguard FTSE Developed Markets ETF Stock Up 1.8 %

The business has a 50-day simple moving average of $51.04 and a two-hundred day simple moving average of $50.20. The stock has a market capitalization of $152.25 billion, a price-to-earnings ratio of 15.69 and a beta of 0.86.

Institutional Investors Weigh In On Vanguard FTSE Developed Markets ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sachetta LLC raised its position in shares of Vanguard FTSE Developed Markets ETF by 3.2% during the first quarter. Sachetta LLC now owns 26,626 shares of the company’s stock worth $1,353,000 after purchasing an additional 835 shares during the period. Burling Wealth Partners LLC raised its holdings in Vanguard FTSE Developed Markets ETF by 17.5% during the 1st quarter. Burling Wealth Partners LLC now owns 58,605 shares of the company’s stock worth $2,979,000 after buying an additional 8,713 shares during the period. Forte Capital LLC ADV lifted its stake in Vanguard FTSE Developed Markets ETF by 6.0% during the first quarter. Forte Capital LLC ADV now owns 28,774 shares of the company’s stock valued at $1,463,000 after buying an additional 1,640 shares in the last quarter. Bear Mountain Capital Inc. boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 3.6% in the first quarter. Bear Mountain Capital Inc. now owns 397,199 shares of the company’s stock worth $21,032,000 after buying an additional 13,849 shares during the period. Finally, Montis Financial LLC boosted its holdings in shares of Vanguard FTSE Developed Markets ETF by 25.4% in the first quarter. Montis Financial LLC now owns 358,672 shares of the company’s stock worth $18,231,000 after buying an additional 72,663 shares during the period.

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.