Vanguard Mega Cap ETF (NYSEARCA:MGC) Reaches New 1-Year High – Time to Buy?

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $220.01 and last traded at $219.96, with a volume of 13913 shares trading hands. The stock had previously closed at $217.99.

Vanguard Mega Cap ETF Stock Performance

The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The firm’s 50 day moving average is $212.22 and its 200-day moving average is $203.18.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Several hedge funds have recently modified their holdings of the company. Liberty Wealth Management LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the second quarter valued at approximately $30,741,000. Mesirow Financial Investment Management Inc. grew its holdings in Vanguard Mega Cap ETF by 101.0% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 196,948 shares of the company’s stock valued at $40,698,000 after buying an additional 98,974 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Vanguard Mega Cap ETF by 98.4% in the 3rd quarter. Captrust Financial Advisors now owns 197,628 shares of the company’s stock worth $40,838,000 after acquiring an additional 97,999 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Vanguard Mega Cap ETF during the 3rd quarter valued at about $16,907,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Vanguard Mega Cap ETF by 20,675.3% in the third quarter. International Assets Investment Management LLC now owns 74,999 shares of the company’s stock valued at $15,498,000 after purchasing an additional 74,638 shares during the period.

About Vanguard Mega Cap ETF

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.