The Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) reached a new 52-week high of $70.33 on Thursday, closing slightly lower at $70.26 after a trading volume of over 12.2 million shares. This marks an increase from the previous close of $69.46, highlighting significant investor interest in the fund.
Vanguard FTSE Developed Markets ETF Price Performance
With a market capitalization of $217.64 billion, VEA boasts a price-to-earnings (P/E) ratio of 16.34 and a beta of 0.87, indicating its relative stability in the market. The fund’s performance is also reflected in its moving averages, with a 50-day simple moving average of $65.69 and a 200-day simple moving average of $62.19. These figures suggest a positive trend in the fund’s value over recent months.
Institutional Investors Weigh In
Several hedge funds have adjusted their positions in VEA recently, indicating growing institutional interest. Topor & Co. Korea established a new position valued at approximately $1.5 million in the fourth quarter. Similarly, Tempo Wealth LLC acquired shares worth $1.47 million, while MidFirst Bank took a new position valued at $228,000.
Additionally, DGS Capital Management LLC increased its stake by 2.0%, now holding 39,630 shares worth $2.48 million after purchasing an additional 762 shares. Another firm, Ketron Financial, also entered the market with a stake valued at $1.19 million during the same period. These moves reflect a robust interest from institutional investors in the ETF, which tracks a market-cap weighted index of large-, mid-, and small-cap stocks from developed markets outside the United States.
Vanguard FTSE Developed Markets ETF Overview
Launched on July 20, 2007, the Vanguard Developed Markets Index Fund (VEA) offers a diversified investment option focusing on total market equity. The fund aims to provide investors with a comprehensive exposure to developed markets, making it a potential choice for those looking to diversify their portfolio outside of the U.S. market.
As VEA continues to attract significant attention from investors, its performance in the coming months will be closely monitored. The recent high may prompt both individual and institutional investors to reassess their strategies regarding this ETF.
