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

Vanguard FTSE Europe ETF (NYSEARCA:VGK)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $89.16 and last traded at $88.91, with a volume of 3454205 shares changing hands. The stock had previously closed at $87.51.

Vanguard FTSE Europe ETF Trading Up 1.6%

The stock has a market cap of $31.24 billion, a P/E ratio of 16.04 and a beta of 0.93. The stock’s 50-day moving average is $83.51 and its 200-day moving average is $80.72.

Institutional Trading of Vanguard FTSE Europe ETF

A number of hedge funds and other institutional investors have recently modified their holdings of VGK. JPMorgan Chase & Co. boosted its stake in Vanguard FTSE Europe ETF by 8.9% during the second quarter. JPMorgan Chase & Co. now owns 38,672,725 shares of the exchange traded fund’s stock valued at $2,997,136,000 after buying an additional 3,167,220 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Vanguard FTSE Europe ETF by 37.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,835,451 shares of the exchange traded fund’s stock worth $684,747,000 after buying an additional 2,400,165 shares during the period. Bank of America Corp DE lifted its stake in Vanguard FTSE Europe ETF by 43.3% during the second quarter. Bank of America Corp DE now owns 3,109,288 shares of the exchange traded fund’s stock valued at $240,970,000 after buying an additional 939,927 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Vanguard FTSE Europe ETF by 66.8% in the second quarter. Alliancebernstein L.P. now owns 1,851,240 shares of the exchange traded fund’s stock worth $143,471,000 after buying an additional 741,459 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Vanguard FTSE Europe ETF by 155.2% in the second quarter. Raymond James Financial Inc. now owns 867,675 shares of the exchange traded fund’s stock worth $67,245,000 after acquiring an additional 527,738 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