Vanguard FTSE Europe ETF (NYSEARCA:VGK) Reaches New 12-Month High – Still a Buy?

Vanguard FTSE Europe ETF (NYSEARCA:VGK) hit a new 52-week high during trading on Wednesday . The company traded as high as $83.67 and last traded at $83.61, with a volume of 2678212 shares. The stock had previously closed at $83.23.

Vanguard FTSE Europe ETF Trading Up 0.1%

The business has a fifty day moving average price of $81.31 and a two-hundred day moving average price of $79.35. The company has a market cap of $28.89 billion, a price-to-earnings ratio of 16.04 and a beta of 0.93.

Institutional Investors Weigh In On Vanguard FTSE Europe ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VGK. Fiduciary Alliance LLC boosted its stake in Vanguard FTSE Europe ETF by 11.5% in the second quarter. Fiduciary Alliance LLC now owns 7,816 shares of the exchange traded fund’s stock worth $606,000 after purchasing an additional 809 shares in the last quarter. Accredited Investors Inc. bought a new position in shares of Vanguard FTSE Europe ETF in the second quarter valued at about $27,726,000. Franklin Resources Inc. lifted its position in Vanguard FTSE Europe ETF by 22.0% during the 2nd quarter. Franklin Resources Inc. now owns 106,051 shares of the exchange traded fund’s stock worth $8,219,000 after buying an additional 19,095 shares in the last quarter. Greenleaf Trust bought a new stake in Vanguard FTSE Europe ETF during the 2nd quarter worth about $248,000. Finally, Armstrong Advisory Group Inc. grew its holdings in Vanguard FTSE Europe ETF by 3.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 272,846 shares of the exchange traded fund’s stock worth $21,773,000 after acquiring an additional 8,664 shares during the last quarter.

Vanguard FTSE Europe ETF Company Profile

Vanguard European Stock Index Fund is an exchange-traded fund. The Fund seeks to track the performance of a benchmark index that measures the investment return of stocks issued by Companies located in the markets of Europe. The Fund on focuses indexing investment approach by investing all, or substantially all, of its assets in the common stocks included in the FTSE Developed Europe All Cap Index. The Fund’s investment advisor is The Vanguard Group, Inc