Vanguard FTSE Europe ETF (NYSEARCA:VGK) Hits New 52-Week High – Time to Buy?

Vanguard FTSE Europe ETF (NYSEARCA:VGK)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $82.42 and last traded at $82.3850, with a volume of 115228 shares. The stock had previously closed at $81.99.

Vanguard FTSE Europe ETF Trading Up 0.4%

The stock’s 50 day moving average price is $80.52 and its 200 day moving average price is $78.71. The company has a market capitalization of $28.41 billion, a price-to-earnings ratio of 16.04 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VGK. Fiduciary Alliance LLC boosted its position in Vanguard FTSE Europe ETF by 11.5% during the second quarter. Fiduciary Alliance LLC now owns 7,816 shares of the exchange traded fund’s stock worth $606,000 after purchasing an additional 809 shares during the period. Accredited Investors Inc. acquired a new stake in shares of Vanguard FTSE Europe ETF during the 2nd quarter worth about $27,726,000. Franklin Resources Inc. boosted its holdings in shares of Vanguard FTSE Europe ETF by 22.0% during the 2nd quarter. Franklin Resources Inc. now owns 106,051 shares of the exchange traded fund’s stock worth $8,219,000 after buying an additional 19,095 shares during the period. Greenleaf Trust acquired a new position in Vanguard FTSE Europe ETF in the 2nd quarter valued at about $248,000. Finally, Hilltop National Bank acquired a new position in Vanguard FTSE Europe ETF in the 2nd quarter valued at about $70,000.

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.