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

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $70.72 and last traded at $70.65, with a volume of 569680 shares. The stock had previously closed at $68.98.

Vanguard FTSE Developed Markets ETF Trading Up 2.4%

The stock’s fifty day moving average price is $66.52 and its 200-day moving average price is $64.48. The firm has a market cap of $226.66 billion, a price-to-earnings ratio of 16.34 and a beta of 0.83.

Institutional Trading of Vanguard FTSE Developed Markets ETF

Institutional investors have recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. increased its holdings in Vanguard FTSE Developed Markets ETF by 151.5% in the 4th quarter. Nova Wealth Management Inc. now owns 420 shares of the company’s stock valued at $26,000 after purchasing an additional 253 shares during the last quarter. GGM Financials LLC acquired a new stake in Vanguard FTSE Developed Markets ETF in the 3rd quarter valued at approximately $27,000. Ulland Investment Advisors LLC boosted its position in Vanguard FTSE Developed Markets ETF by 75.6% in the 3rd quarter. Ulland Investment Advisors LLC now owns 562 shares of the company’s stock valued at $34,000 after buying an additional 242 shares during the period. Strategic Wealth Advisors LLC purchased a new position in Vanguard FTSE Developed Markets ETF in the 4th quarter valued at approximately $35,000. Finally, Cloud Capital Management LLC purchased a new position in Vanguard FTSE Developed Markets ETF in the 3rd quarter valued at approximately $37,000.

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.