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

Shares of Vanguard FTSE Europe ETF (NYSEARCA:VGK) saw strong trading volume on Wednesday . 3,968,460 shares traded hands during trading, an increase of 62% from the previous session’s volume of 2,446,173 shares.The stock last traded at $68.02 and had previously closed at $67.35.

Vanguard FTSE Europe ETF Price Performance

The business has a 50-day simple moving average of $65.35 and a 200 day simple moving average of $67.28. The firm has a market cap of $19.77 billion, a PE ratio of 14.09 and a beta of 0.85.

Hedge Funds Weigh In On Vanguard FTSE Europe ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC raised its stake in Vanguard FTSE Europe ETF by 993.5% in the second quarter. Cubist Systematic Strategies LLC now owns 1,017 shares of the exchange traded fund’s stock valued at $68,000 after buying an additional 924 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Vanguard FTSE Europe ETF by 1.7% during the second quarter. Cetera Investment Advisers now owns 82,679 shares of the exchange traded fund’s stock valued at $5,521,000 after acquiring an additional 1,412 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of Vanguard FTSE Europe ETF in the third quarter valued at approximately $223,000. Axiom Advisory LLC boosted its stake in shares of Vanguard FTSE Europe ETF by 1.6% in the third quarter. Axiom Advisory LLC now owns 33,856 shares of the exchange traded fund’s stock worth $2,328,000 after acquiring an additional 529 shares during the last quarter. Finally, Brookstone Capital Management increased its position in shares of Vanguard FTSE Europe ETF by 4.1% during the third quarter. Brookstone Capital Management now owns 4,408 shares of the exchange traded fund’s stock worth $313,000 after purchasing an additional 173 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.