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

Vanguard FTSE Europe ETF (NYSEARCA:VGK)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $92.98 and last traded at $92.85, with a volume of 1152068 shares changing hands. The stock had previously closed at $92.61.

Vanguard FTSE Europe ETF Trading Up 0.5%

The company has a 50-day simple moving average of $89.74 and a 200 day simple moving average of $87.76. The firm has a market cap of $31.54 billion, a PE ratio of 16.04 and a beta of 0.84.

Institutional Trading of Vanguard FTSE Europe ETF

A number of hedge funds have recently added to or reduced their stakes in VGK. Tanager Wealth Management LLP increased its holdings in Vanguard FTSE Europe ETF by 2.5% in the second quarter. Tanager Wealth Management LLP now owns 405,842 shares of the exchange traded fund’s stock valued at $35,933,000 after buying an additional 9,755 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Vanguard FTSE Europe ETF in the second quarter worth about $224,000. Wedmont Private Capital boosted its stake in shares of Vanguard FTSE Europe ETF by 2.5% during the 2nd quarter. Wedmont Private Capital now owns 44,126 shares of the exchange traded fund’s stock worth $3,908,000 after acquiring an additional 1,085 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Vanguard FTSE Europe ETF by 1.7% during the 2nd quarter. HB Wealth Management LLC now owns 16,876 shares of the exchange traded fund’s stock worth $1,494,000 after acquiring an additional 285 shares in the last quarter. Finally, Angeles Wealth Management LLC grew its position in shares of Vanguard FTSE Europe ETF by 4.7% during the 2nd quarter. Angeles Wealth Management LLC now owns 817,271 shares of the exchange traded fund’s stock valued at $72,367,000 after acquiring an additional 36,889 shares during the period.

About Vanguard FTSE Europe ETF

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