Vanguard FTSE Europe ETF (NYSEARCA:VGK) Hits New 52-Week High – Here’s Why

Vanguard FTSE Europe ETF (NYSEARCA:VGK) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $89.73 and last traded at $89.8150, with a volume of 311471 shares trading hands. The stock had previously closed at $89.23.

Vanguard FTSE Europe ETF Stock Up 0.7%

The company’s fifty day simple moving average is $85.82 and its 200 day simple moving average is $81.89. The firm has a market capitalization of $31.57 billion, a PE ratio of 16.04 and a beta of 0.93.

Institutional Investors Weigh In On Vanguard FTSE Europe ETF

Several hedge funds have recently added to or reduced their stakes in VGK. JPMorgan Chase & Co. increased its holdings in shares of Vanguard FTSE Europe ETF by 11.7% during the fourth quarter. JPMorgan Chase & Co. now owns 44,594,011 shares of the exchange traded fund’s stock valued at $3,728,505,000 after acquiring an additional 4,677,424 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in Vanguard FTSE Europe ETF by 3.4% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 9,136,296 shares of the exchange traded fund’s stock valued at $763,886,000 after purchasing an additional 300,845 shares during the last quarter. Mather Group LLC. increased its stake in Vanguard FTSE Europe ETF by 2.5% during the 4th quarter. Mather Group LLC. now owns 8,695,326 shares of the exchange traded fund’s stock valued at $727,016,000 after purchasing an additional 214,473 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Vanguard FTSE Europe ETF by 0.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 6,294,468 shares of the exchange traded fund’s stock worth $526,658,000 after buying an additional 40,667 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Vanguard FTSE Europe ETF by 3.8% in the second quarter. Fisher Asset Management LLC now owns 5,084,722 shares of the exchange traded fund’s stock worth $394,066,000 after buying an additional 185,995 shares in 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