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

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $71.86 and last traded at $71.86, with a volume of 785140 shares. The stock had previously closed at $70.46.

Vanguard FTSE Developed Markets ETF Stock Down 0.5%

The company has a market cap of $229.03 billion, a P/E ratio of 16.34 and a beta of 0.83. The business’s 50 day moving average is $67.54 and its 200 day moving average is $65.54.

Hedge Funds Weigh In On Vanguard FTSE Developed Markets ETF

A number of large investors have recently bought and sold shares of VEA. Bank of America Corp DE grew its holdings in Vanguard FTSE Developed Markets ETF by 2.1% in the fourth quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock worth $12,853,704,000 after purchasing an additional 4,289,361 shares during the last quarter. Betterment LLC grew its holdings in Vanguard FTSE Developed Markets ETF by 0.8% in the fourth quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock worth $8,657,615,000 after purchasing an additional 1,140,627 shares during the last quarter. Morgan Stanley grew its holdings in Vanguard FTSE Developed Markets ETF by 44.0% in the fourth quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock worth $5,652,975,000 after purchasing an additional 27,650,637 shares during the last quarter. Auto Owners Insurance Co grew its holdings in Vanguard FTSE Developed Markets ETF by 6,941.5% in the fourth quarter. Auto Owners Insurance Co now owns 73,636,513 shares of the company’s stock worth $4,600,073,000 after purchasing an additional 72,590,763 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Vanguard FTSE Developed Markets ETF by 1.3% in the fourth quarter. Wells Fargo & Company MN now owns 64,314,341 shares of the company’s stock worth $4,017,717,000 after purchasing an additional 848,196 shares during 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.