Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 52-Week High – Time to Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $166.13 and last traded at $166.13, with a volume of 67622 shares changing hands. The stock had previously closed at $163.88.

Vanguard Mega Cap Value ETF Stock Performance

The company has a market capitalization of $13.41 billion, a PE ratio of 18.48 and a beta of 0.72. The company has a 50 day moving average price of $161.96 and a 200 day moving average price of $154.09.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Tucker Asset Management LLC bought a new position in shares of Vanguard Mega Cap Value ETF during the fourth quarter worth about $26,000. Ascentis Independent Advisors bought a new position in Vanguard Mega Cap Value ETF during the 1st quarter worth approximately $26,000. Kentucky Trust Co acquired a new position in shares of Vanguard Mega Cap Value ETF in the 2nd quarter worth approximately $29,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the 4th quarter valued at approximately $33,000. Finally, Key Financial Inc raised its position in shares of Vanguard Mega Cap Value ETF by 511.1% during the 4th quarter. Key Financial Inc now owns 275 shares of the company’s stock valued at $39,000 after acquiring an additional 230 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.