Vanguard FTSE Europe ETF (NYSEARCA:VGK) Reaches New 12-Month High – What’s Next?

Shares of Vanguard FTSE Europe ETF (NYSEARCA:VGK) hit a new 52-week high on Monday . The company traded as high as $86.10 and last traded at $86.1120, with a volume of 235189 shares. The stock had previously closed at $85.77.

Vanguard FTSE Europe ETF Stock Up 0.4%

The company has a market cap of $30.24 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 $82.09 and a 200 day simple moving average of $79.99.

Institutional Investors Weigh In On Vanguard FTSE Europe ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Spinnaker Investment Group LLC acquired a new stake in shares of Vanguard FTSE Europe ETF in the 4th quarter worth approximately $221,000. DAVENPORT & Co LLC grew its holdings in Vanguard FTSE Europe ETF by 309.6% in the fourth quarter. DAVENPORT & Co LLC now owns 11,079 shares of the exchange traded fund’s stock valued at $926,000 after purchasing an additional 8,374 shares during the last quarter. Silverlake Wealth Management LLC increased its position in shares of Vanguard FTSE Europe ETF by 10.1% in the fourth quarter. Silverlake Wealth Management LLC now owns 4,243 shares of the exchange traded fund’s stock valued at $355,000 after buying an additional 389 shares in the last quarter. Sunflower Bank N.A. raised its stake in shares of Vanguard FTSE Europe ETF by 9.7% during the 4th quarter. Sunflower Bank N.A. now owns 163,899 shares of the exchange traded fund’s stock worth $13,704,000 after buying an additional 14,555 shares during the last quarter. Finally, Appleton Partners Inc. MA purchased a new stake in shares of Vanguard FTSE Europe ETF in the 4th quarter worth about $205,000.

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. The Fund’s investment advisor is The Vanguard Group, Inc