Xcel Wealth Management LLC Cuts Stake in Vanguard FTSE Europe ETF (NYSEARCA:VGK)

Xcel Wealth Management LLC lessened its holdings in shares of Vanguard FTSE Europe ETF (NYSEARCA:VGK) by 4.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,394 shares of the exchange traded fund’s stock after selling 200 shares during the quarter. Xcel Wealth Management LLC’s holdings in Vanguard FTSE Europe ETF were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new stake in Vanguard FTSE Europe ETF in the third quarter worth $268,000. Harbor Advisory Corp MA increased its stake in Vanguard FTSE Europe ETF by 1.7% in the third quarter. Harbor Advisory Corp MA now owns 170,044 shares of the exchange traded fund’s stock valued at $12,090,000 after acquiring an additional 2,843 shares during the period. Fortis Group Advisors LLC bought a new stake in Vanguard FTSE Europe ETF during the third quarter worth about $3,685,000. Foundations Investment Advisors LLC bought a new stake in Vanguard FTSE Europe ETF during the third quarter worth about $244,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Vanguard FTSE Europe ETF during the third quarter valued at approximately $25,000.

Vanguard FTSE Europe ETF Price Performance

VGK traded down $0.28 during mid-day trading on Tuesday, hitting $68.55. The stock had a trading volume of 564,442 shares, compared to its average volume of 2,050,580. The stock’s fifty day simple moving average is $69.72 and its 200-day simple moving average is $68.44. The firm has a market capitalization of $19.91 billion, a price-to-earnings ratio of 14.09 and a beta of 0.85. Vanguard FTSE Europe ETF has a 1-year low of $55.06 and a 1-year high of $72.08.

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.