Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Reaches New 52-Week Low – Time to Sell?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $63.74 and last traded at $88.58, with a volume of 1183788 shares traded. The stock had previously closed at $87.69.

Vanguard Mega Cap Growth ETF Stock Performance

The company has a 50 day moving average of $88.04 and a 200 day moving average of $82.38. The stock has a market capitalization of $33.32 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

Hedge funds have recently modified their holdings of the business. Assetmark Inc. grew its stake in Vanguard Mega Cap Growth ETF by 1.0% during the 4th quarter. Assetmark Inc. now owns 8,590,832 shares of the company’s stock valued at $3,546,038,000 after acquiring an additional 87,636 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in Vanguard Mega Cap Growth ETF by 1.3% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 3,719,368 shares of the company’s stock worth $1,366,645,000 after purchasing an additional 48,165 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Vanguard Mega Cap Growth ETF by 11.7% during the 4th quarter. Morgan Stanley now owns 2,651,172 shares of the company’s stock worth $1,094,325,000 after purchasing an additional 277,446 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Vanguard Mega Cap Growth ETF by 0.9% in the second quarter. Captrust Financial Advisors now owns 1,668,738 shares of the company’s stock valued at $611,042,000 after purchasing an additional 15,432 shares during the last quarter. Finally, LPL Financial LLC lifted its position in Vanguard Mega Cap Growth ETF by 0.4% during the fourth quarter. LPL Financial LLC now owns 1,173,852 shares of the company’s stock worth $484,531,000 after buying an additional 5,134 shares in the last quarter.

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.