Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Reaches New 52-Week High – Still a Buy?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $358.64 and last traded at $357.64, with a volume of 32002 shares. The stock had previously closed at $357.43.

Vanguard Mega Cap Growth ETF Stock Down 0.5 %

The firm’s fifty day simple moving average is $349.75 and its 200-day simple moving average is $332.28. The firm has a market capitalization of $26.13 billion, a PE ratio of 41.72 and a beta of 1.13.

Institutional Trading of Vanguard Mega Cap Growth ETF

A number of large investors have recently made changes to their positions in the stock. Pittenger & Anderson Inc. grew its stake in shares of Vanguard Mega Cap Growth ETF by 25.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 150 shares of the company’s stock worth $52,000 after acquiring an additional 30 shares during the period. Gateway Wealth Partners LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 0.9% in the third quarter. Gateway Wealth Partners LLC now owns 3,361 shares of the company’s stock worth $1,082,000 after acquiring an additional 31 shares during the period. Titleist Asset Management LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 4.4% in the fourth quarter. Titleist Asset Management LLC now owns 732 shares of the company’s stock worth $251,000 after acquiring an additional 31 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 1.7% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 1,941 shares of the company’s stock worth $667,000 after acquiring an additional 33 shares during the period. Finally, Summit Financial LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 1.5% in the fourth quarter. Summit Financial LLC now owns 2,256 shares of the company’s stock worth $775,000 after acquiring an additional 33 shares during the period.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.