Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Sets New 12-Month High – Here’s Why

Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) reached a new 52-week high on Tuesday . The stock traded as high as $89.99 and last traded at $89.97, with a volume of 335181 shares traded. The stock had previously closed at $88.99.

Vanguard Mega Cap Growth ETF Stock Performance

The firm’s 50-day moving average is $81.01 and its two-hundred day moving average is $80.94. The stock has a market cap of $6.76 billion, a P/E ratio of 37.33 and a beta of 1.23.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Ancora Advisors LLC raised its position in Vanguard Mega Cap Growth ETF by 88.6% in the 3rd quarter. Ancora Advisors LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 31 shares during the last quarter. Aventura Private Wealth LLC bought a new position in Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $28,000. IFC & Insurance Marketing Inc. bought a new position in Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $32,000. Costello Asset Management INC raised its position in Vanguard Mega Cap Growth ETF by 116.3% in the 4th quarter. Costello Asset Management INC now owns 93 shares of the company’s stock worth $39,000 after purchasing an additional 50 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its position in Vanguard Mega Cap Growth ETF by 350.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 99 shares of the company’s stock worth $41,000 after purchasing an additional 77 shares during the last quarter.

Vanguard Mega Cap Growth ETF Company Profile

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.