Vanguard FTSE Europe ETF (NYSEARCA:VGK) Sees Strong Trading Volume – Time to Buy?

Shares of Vanguard FTSE Europe ETF (NYSEARCA:VGK) saw an uptick in trading volume on Thursday . 3,437,407 shares were traded during mid-day trading, an increase of 55% from the previous session’s volume of 2,217,638 shares.The stock last traded at $73.02 and had previously closed at $73.09.

Vanguard FTSE Europe ETF Price Performance

The firm has a market capitalization of $26.11 billion, a P/E ratio of 17.59 and a beta of 0.99. The stock’s 50-day simple moving average is $66.98 and its two-hundred day simple moving average is $67.64.

Hedge Funds Weigh In On Vanguard FTSE Europe ETF

Several hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. raised its stake in Vanguard FTSE Europe ETF by 384.0% during the third quarter. Franklin Resources Inc. now owns 16,198 shares of the exchange traded fund’s stock valued at $1,132,000 after purchasing an additional 12,851 shares in the last quarter. Citigroup Inc. raised its stake in Vanguard FTSE Europe ETF by 88.9% during the third quarter. Citigroup Inc. now owns 462,675 shares of the exchange traded fund’s stock valued at $32,896,000 after purchasing an additional 217,728 shares in the last quarter. Allworth Financial LP raised its stake in Vanguard FTSE Europe ETF by 29.9% during the fourth quarter. Allworth Financial LP now owns 2,196 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 505 shares in the last quarter. Tanager Wealth Management LLP raised its stake in Vanguard FTSE Europe ETF by 3.6% during the fourth quarter. Tanager Wealth Management LLP now owns 363,894 shares of the exchange traded fund’s stock valued at $23,096,000 after purchasing an additional 12,559 shares in the last quarter. Finally, BFI Infinity Ltd. purchased a new stake in Vanguard FTSE Europe ETF during the fourth quarter valued at $3,297,000.

Vanguard FTSE Europe ETF Company Profile

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.