Vanguard FTSE Pacific ETF (NYSEARCA:VPL) Reaches New 52-Week High – Still a Buy?

Shares of Vanguard FTSE Pacific ETF (NYSEARCA:VPL) hit a new 52-week high on Wednesday . The company traded as high as $112.12 and last traded at $112.08, with a volume of 80394 shares. The stock had previously closed at $108.99.

Vanguard FTSE Pacific ETF Price Performance

The company has a 50-day simple moving average of $102.47 and a 200-day simple moving average of $97.26. The stock has a market cap of $8.72 billion, a PE ratio of 14.65 and a beta of 0.79.

Hedge Funds Weigh In On Vanguard FTSE Pacific ETF

A number of large investors have recently made changes to their positions in VPL. Focus Partners Wealth acquired a new position in Vanguard FTSE Pacific ETF during the first quarter worth about $688,000. First Trust Advisors LP lifted its position in shares of Vanguard FTSE Pacific ETF by 2.0% during the 2nd quarter. First Trust Advisors LP now owns 32,447 shares of the company’s stock valued at $2,666,000 after acquiring an additional 622 shares during the period. Brown Advisory Inc. boosted its stake in shares of Vanguard FTSE Pacific ETF by 2.0% during the 2nd quarter. Brown Advisory Inc. now owns 6,404 shares of the company’s stock worth $526,000 after acquiring an additional 125 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Vanguard FTSE Pacific ETF by 679.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,185 shares of the company’s stock worth $97,000 after acquiring an additional 1,033 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Vanguard FTSE Pacific ETF by 24.8% in the 2nd quarter. NewEdge Advisors LLC now owns 62,910 shares of the company’s stock worth $5,170,000 after acquiring an additional 12,515 shares during the period.

About Vanguard FTSE Pacific ETF

Vanguard FTSE Pacific ETF, formerly Vanguard MSCI Pacific ETF, is an exchange-traded share class of Vanguard Pacific Stock Index Fund. The Fund seeks to track the investment performance of the MSCI Pacific Index that consists of common stocks of companies located in Japan, Australia, Hong Kong, New Zealand and Singapore. The Fund employs a passive management or indexing investment approach by investing all, or substantially all, of its assets in the common stocks included in the MSCI Pacific Index (the Index).