Vanguard FTSE Europe ETF (NYSEARCA:VGK) Hits New 1-Year High – Still a Buy?

Vanguard FTSE Europe ETF (NYSEARCA:VGK)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $90.25 and last traded at $90.1020, with a volume of 382463 shares trading hands. The stock had previously closed at $89.73.

Vanguard FTSE Europe ETF Stock Up 0.7%

The company has a market cap of $31.75 billion, a price-to-earnings ratio of 16.04 and a beta of 0.93. The business has a fifty day simple moving average of $86.49 and a 200 day simple moving average of $82.34.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in shares of Vanguard FTSE Europe ETF by 11.7% in the fourth quarter. JPMorgan Chase & Co. now owns 44,594,011 shares of the exchange traded fund’s stock worth $3,728,505,000 after buying an additional 4,677,424 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Vanguard FTSE Europe ETF by 3.4% in the fourth 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 acquiring an additional 300,845 shares during the period. Mather Group LLC. grew its position in Vanguard FTSE Europe ETF by 2.5% during the fourth quarter. Mather Group LLC. now owns 8,695,326 shares of the exchange traded fund’s stock worth $727,016,000 after buying an additional 214,473 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Vanguard FTSE Europe ETF by 0.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 6,294,468 shares of the exchange traded fund’s stock worth $526,658,000 after acquiring an additional 40,667 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Vanguard FTSE Europe ETF by 3.8% during the 2nd quarter. Fisher Asset Management LLC now owns 5,084,722 shares of the exchange traded fund’s stock valued at $394,066,000 after purchasing an additional 185,995 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