Vanguard FTSE Europe ETF (NYSEARCA:VGK) Sets New 52-Week High – Should You Buy?

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

Vanguard FTSE Europe ETF Trading Down 0.1%

The stock has a market capitalization of $31.78 billion, a P/E ratio of 16.04 and a beta of 0.93. The business’s fifty day simple moving average is $86.79 and its two-hundred day simple moving average is $82.45.

Institutional Investors Weigh In On Vanguard FTSE Europe ETF

A number of institutional investors have recently added to or reduced their stakes in VGK. Brighton Jones LLC grew its holdings in shares of Vanguard FTSE Europe ETF by 12.6% during the 4th quarter. Brighton Jones LLC now owns 8,574 shares of the exchange traded fund’s stock worth $544,000 after purchasing an additional 961 shares in the last quarter. Capstone Wealth Management Group LLC bought a new position in Vanguard FTSE Europe ETF in the first quarter worth $754,000. Millennium Management LLC boosted its stake in Vanguard FTSE Europe ETF by 408.2% during the first quarter. Millennium Management LLC now owns 70,791 shares of the exchange traded fund’s stock worth $4,970,000 after buying an additional 56,862 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Vanguard FTSE Europe ETF in the 2nd quarter valued at $201,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Vanguard FTSE Europe ETF by 42.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 288,181 shares of the exchange traded fund’s stock valued at $22,334,000 after buying an additional 85,768 shares in the last quarter.

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