Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Reaches New 1-Year Low – Here’s Why

Shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $45.15 and last traded at $45.66, with a volume of 14257432 shares trading hands. The stock had previously closed at $46.91.

Vanguard FTSE Developed Markets ETF Price Performance

The business’s fifty day moving average price is $50.90 and its 200 day moving average price is $50.29. The company has a market cap of $138.84 billion, a price-to-earnings ratio of 15.89 and a beta of 0.86.

Vanguard FTSE Developed Markets ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 21st were given a dividend of $0.2422 per share. The ex-dividend date was Friday, March 21st.

Institutional Investors Weigh In On Vanguard FTSE Developed Markets ETF

A number of institutional investors have recently modified their holdings of VEA. Sanctuary Advisors LLC lifted its holdings in Vanguard FTSE Developed Markets ETF by 2.6% in the fourth quarter. Sanctuary Advisors LLC now owns 606,210 shares of the company’s stock valued at $30,565,000 after buying an additional 15,300 shares during the period. Advance Capital Management Inc. lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 14.3% in the 4th quarter. Advance Capital Management Inc. now owns 13,711 shares of the company’s stock valued at $656,000 after purchasing an additional 1,711 shares during the period. Kozak & Associates Inc. lifted its stake in shares of Vanguard FTSE Developed Markets ETF by 268.0% in the 4th quarter. Kozak & Associates Inc. now owns 563 shares of the company’s stock valued at $27,000 after purchasing an additional 410 shares during the period. First County Bank CT boosted its position in shares of Vanguard FTSE Developed Markets ETF by 18.0% during the 4th quarter. First County Bank CT now owns 13,089 shares of the company’s stock valued at $626,000 after purchasing an additional 1,993 shares in the last quarter. Finally, Highview Capital Management LLC DE grew its stake in Vanguard FTSE Developed Markets ETF by 3.4% during the fourth quarter. Highview Capital Management LLC DE now owns 190,918 shares of the company’s stock worth $9,130,000 after purchasing an additional 6,282 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.