Madison Investment Advisors LLC Purchases New Shares in Vanguard FTSE Europe ETF (NYSEARCA:VGK)

Madison Investment Advisors LLC purchased a new stake in Vanguard FTSE Europe ETF (NYSEARCA:VGK) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 156,918 shares of the exchange traded fund’s stock, valued at approximately $9,960,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Life Planning Partners Inc grew its stake in Vanguard FTSE Europe ETF by 6,247.0% during the fourth quarter. Life Planning Partners Inc now owns 356,828 shares of the exchange traded fund’s stock worth $22,648,000 after buying an additional 351,206 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Vanguard FTSE Europe ETF during the fourth quarter worth about $19,460,000. Wealthfront Advisers LLC grew its stake in Vanguard FTSE Europe ETF by 3,001.7% during the fourth quarter. Wealthfront Advisers LLC now owns 227,200 shares of the exchange traded fund’s stock worth $14,420,000 after buying an additional 219,875 shares in the last quarter. Citigroup Inc. grew 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 worth $32,896,000 after buying an additional 217,728 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Vanguard FTSE Europe ETF by 8.1% during the fourth quarter. HighTower Advisors LLC now owns 1,909,574 shares of the exchange traded fund’s stock worth $121,201,000 after buying an additional 143,730 shares in the last quarter.

Vanguard FTSE Europe ETF Stock Down 1.3 %

Shares of Vanguard FTSE Europe ETF stock opened at $71.78 on Friday. The company has a market capitalization of $25.92 billion, a price-to-earnings ratio of 18.02 and a beta of 0.99. Vanguard FTSE Europe ETF has a 12-month low of $62.58 and a 12-month high of $73.72. The firm’s 50-day moving average price is $69.22 and its two-hundred day moving average price is $67.86.

Vanguard FTSE Europe ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 21st will be issued a $0.2935 dividend. The ex-dividend date is Friday, March 21st.

Vanguard FTSE Europe ETF 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.