Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Hits New 12-Month High – Time to Buy?

Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) hit a new 52-week high during trading on Monday . The company traded as high as $92.41 and last traded at $92.5270, with a volume of 288972 shares trading hands. The stock had previously closed at $90.89.

Vanguard Mega Cap Growth ETF Price Performance

The company has a market capitalization of $34.86 billion, a P/E ratio of 37.33 and a beta of 1.24. The company has a fifty day moving average price of $88.98 and a two-hundred day moving average price of $85.46.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

Several hedge funds have recently added to or reduced their stakes in MGK. Glen Eagle Advisors LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 4th quarter valued at $48,000. Cardiff Park Advisors LLC acquired a new stake in Vanguard Mega Cap Growth ETF in the first quarter worth $46,000. Nalls Sherbakoff Group LLC acquired a new stake in Vanguard Mega Cap Growth ETF in the fourth quarter worth $62,000. MBM Wealth Consultants LLC bought a new stake in Vanguard Mega Cap Growth ETF in the first quarter valued at $64,000. Finally, MV Capital Management Inc. bought a new stake in Vanguard Mega Cap Growth ETF in the fourth quarter valued at $79,000.

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.