Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Reaches New 52-Week High – Here’s What Happened

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $141.51 and last traded at $141.22, with a volume of 173524 shares changing hands. The stock had previously closed at $139.44.

Vanguard Mega Cap Value ETF Price Performance

The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 18.48 and a beta of 0.80. The stock has a 50-day moving average of $138.23 and a 200 day moving average of $134.37.

Institutional Investors Weigh In On Vanguard Mega Cap Value ETF

Institutional investors and hedge funds have recently modified their holdings of the business. NorthRock Partners LLC boosted its stake in Vanguard Mega Cap Value ETF by 100.0% in the second quarter. NorthRock Partners LLC now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 94 shares during the last quarter. Proathlete Wealth Management LLC bought a new stake in shares of Vanguard Mega Cap Value ETF during the 2nd quarter valued at $25,000. Cornerstone Planning Group LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at $28,000. Root Financial Partners LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at $29,000. Finally, Kilter Group LLC bought a new position in shares of Vanguard Mega Cap Value ETF in the 2nd quarter worth $29,000.

About Vanguard Mega Cap Value ETF

Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index.