Vanguard FTSE Europe ETF (NYSEARCA:VGK) Sees Large Volume Increase – Still a Buy?

Shares of Vanguard FTSE Europe ETF (NYSEARCA:VGK) saw unusually-high trading volume on Wednesday . Approximately 4,414,652 shares were traded during mid-day trading, an increase of 83% from the previous session’s volume of 2,413,061 shares.The stock last traded at $71.47 and had previously closed at $72.16.

Vanguard FTSE Europe ETF Stock Down 1.4 %

The company’s fifty day moving average price is $69.57 and its two-hundred day moving average price is $67.88. The company has a market cap of $25.69 billion, a price-to-earnings ratio of 18.02 and a beta of 0.99.

Vanguard FTSE Europe ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 21st were paid a $0.2935 dividend. The ex-dividend date of this dividend was Friday, March 21st.

Institutional Investors Weigh In On Vanguard FTSE Europe ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Vanguard FTSE Europe ETF in the fourth quarter valued at approximately $27,000. Modus Advisors LLC acquired a new stake in Vanguard FTSE Europe ETF in the 4th quarter valued at $27,000. Delos Wealth Advisors LLC bought a new stake in Vanguard FTSE Europe ETF during the 3rd quarter worth about $33,000. Topsail Wealth Management LLC acquired a new position in shares of Vanguard FTSE Europe ETF during the 4th quarter worth about $36,000. Finally, Quent Capital LLC bought a new position in shares of Vanguard FTSE Europe ETF in the 4th quarter valued at about $39,000.

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.