Vanguard FTSE Europe ETF $VGK is Municipal Employees Retirement System of Michigan’s 4th Largest Position

Municipal Employees Retirement System of Michigan lifted its position in Vanguard FTSE Europe ETF (NYSEARCA:VGK) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 9,136,296 shares of the exchange traded fund’s stock after buying an additional 300,845 shares during the period. Vanguard FTSE Europe ETF makes up about 8.6% of Municipal Employees Retirement System of Michigan’s portfolio, making the stock its 4th biggest holding. Municipal Employees Retirement System of Michigan’s holdings in Vanguard FTSE Europe ETF were worth $763,886,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Horizons Wealth Management purchased a new stake in shares of Vanguard FTSE Europe ETF in the fourth quarter valued at about $26,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of Vanguard FTSE Europe ETF in the third quarter valued at about $28,000. Valley National Advisers Inc. purchased a new stake in shares of Vanguard FTSE Europe ETF in the fourth quarter valued at about $33,000. Caldwell Trust Co purchased a new stake in shares of Vanguard FTSE Europe ETF in the fourth quarter valued at about $33,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Vanguard FTSE Europe ETF in the third quarter valued at about $35,000.

Vanguard FTSE Europe ETF Trading Down 0.3%

Shares of VGK opened at $88.46 on Friday. Vanguard FTSE Europe ETF has a 12-month low of $74.24 and a 12-month high of $90.75. The firm has a 50-day moving average price of $85.36 and a 200 day moving average price of $84.88. The firm has a market capitalization of $31.30 billion, a P/E ratio of 16.04 and a beta of 0.85.

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. The Fund’s investment advisor is The Vanguard Group, Inc