It is not possible to provide a definitive answer regarding the purchase of VEA ETF at this time. However, here are some factors to consider:
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Recent Performance: VEA ETF has been performing well, with a 52-week high of $51.68 and a 52-week low of $41.481. The ETF's price has been stable, with a weekly volatility of 3%2, which is lower than the industry average of 9.7%2.
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Market Trends: The broader market and specific sectors can influence ETF performance. For example, the Australian Oil and Gas industry returned -12.4% over the past year, while VEA exceeded this, returning 8.0%2. This suggests that VEA may be a good option for diversification within a volatile market.
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Institutional Activity: Institutional investors have been adding to their positions in VEA, indicating confidence in the ETF's future performance34. This could be a positive sign for potential investors.
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Dividend Yield: VEA offers a dividend yield of 3.34%, which is attractive for income-focused investors1. This yield is higher than the market average and could be a reason to consider VEA in a diversified portfolio.
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Risk Considerations: It's important to assess your risk tolerance and investment horizon. VEA is a developed market ETF, which can be less volatile than emerging markets but still carries risks. The beta of 0.88 indicates that the ETF's price is moderately sensitive to market movements1.
In conclusion, VEA ETF appears to be a stable and potentially profitable investment option, especially for those seeking international diversification and a solid dividend yield. However, it's always advisable to consult with a financial advisor and consider your individual investment goals and risk tolerance before making investment decisions.