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

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $164.40 and last traded at $163.00, with a volume of 291252 shares changing hands. The stock had previously closed at $163.09.

Vanguard Mega Cap Value ETF Trading Up 0.2%

The company has a 50-day simple moving average of $154.89 and a 200 day simple moving average of $149.31. The company has a market cap of $12.63 billion, a P/E ratio of 18.48 and a beta of 0.73.

Institutional Trading of Vanguard Mega Cap Value ETF

Large investors have recently made changes to their positions in the stock. Assetmark Inc. increased its stake in Vanguard Mega Cap Value ETF by 1.1% in the 1st quarter. Assetmark Inc. now owns 15,596,695 shares of the company’s stock worth $2,260,741,000 after buying an additional 166,009 shares during the period. Bank of America Corp DE lifted its holdings in Vanguard Mega Cap Value ETF by 2.6% during the 1st quarter. Bank of America Corp DE now owns 4,639,212 shares of the company’s stock valued at $672,454,000 after buying an additional 117,605 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Vanguard Mega Cap Value ETF by 17.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,042,106 shares of the company’s stock valued at $281,261,000 after buying an additional 298,993 shares during the period. UBS Group AG boosted its position in Vanguard Mega Cap Value ETF by 2.6% in the 4th quarter. UBS Group AG now owns 1,799,402 shares of the company’s stock valued at $254,004,000 after buying an additional 45,410 shares during the period. Finally, Merit Financial Group LLC grew its stake in Vanguard Mega Cap Value ETF by 51.7% in the 4th quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock worth $178,111,000 after acquiring an additional 429,853 shares in the last quarter.

Vanguard Mega Cap Value ETF Company Profile

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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.