Vanguard FTSE Europe ETF (NYSEARCA:VGK) Sees Large Volume Increase – Here’s Why

Vanguard FTSE Europe ETF (NYSEARCA:VGK) shares saw an uptick in trading volume on Wednesday . 4,414,652 shares traded hands 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 Price Performance

The firm has a market capitalization of $25.69 billion, a P/E ratio of 18.02 and a beta of 0.99. The firm’s 50 day moving average is $69.57 and its two-hundred day moving average is $67.88.

Vanguard FTSE Europe ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 21st were given a $0.2935 dividend. The ex-dividend date was Friday, March 21st.

Institutional Investors Weigh In On Vanguard FTSE Europe ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. boosted its position in Vanguard FTSE Europe ETF by 200.1% during the fourth quarter. Assetmark Inc. now owns 18,699 shares of the exchange traded fund’s stock worth $1,187,000 after purchasing an additional 12,468 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Vanguard FTSE Europe ETF by 384.0% during the 3rd quarter. Franklin Resources Inc. now owns 16,198 shares of the exchange traded fund’s stock worth $1,132,000 after buying an additional 12,851 shares during the period. Citigroup Inc. boosted its holdings in shares of Vanguard FTSE Europe ETF by 88.9% during the 3rd quarter. Citigroup Inc. now owns 462,675 shares of the exchange traded fund’s stock worth $32,896,000 after buying an additional 217,728 shares during the period. Allworth Financial LP grew its stake in Vanguard FTSE Europe ETF by 29.9% in the 4th quarter. Allworth Financial LP now owns 2,196 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 505 shares during the last quarter. Finally, Tanager Wealth Management LLP raised its holdings in Vanguard FTSE Europe ETF by 3.6% in the 4th quarter. Tanager Wealth Management LLP now owns 363,894 shares of the exchange traded fund’s stock valued at $23,096,000 after acquiring an additional 12,559 shares during the period.

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.