Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Hits New 52-Week High – Here’s Why

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $70.33 and last traded at $70.26, with a volume of 12214268 shares trading hands. The stock had previously closed at $69.46.

Vanguard FTSE Developed Markets ETF Stock Down 0.1%

The firm has a market capitalization of $217.58 billion, a price-to-earnings ratio of 16.34 and a beta of 0.87. The company’s 50 day moving average price is $66.01 and its 200 day moving average price is $62.34.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Arwa LLC acquired a new stake in shares of Vanguard FTSE Developed Markets ETF during the fourth quarter worth about $236,000. Beacon Advisors Holdings LLC purchased a new position in Vanguard FTSE Developed Markets ETF during the 4th quarter worth approximately $2,086,000. Topor & Co. Korea purchased a new position in Vanguard FTSE Developed Markets ETF during the 4th quarter worth approximately $1,516,000. Tempo Wealth LLC acquired a new stake in Vanguard FTSE Developed Markets ETF during the 4th quarter valued at approximately $1,473,000. Finally, MidFirst Bank purchased a new stake in shares of Vanguard FTSE Developed Markets ETF in the 4th quarter valued at $228,000.

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.