Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Reaches New 12-Month High – Still a Buy?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) reached a new 52-week high during mid-day trading on Friday. The company traded as high as $94.01 and last traded at $94.0820, with a volume of 100292 shares traded. The stock had previously closed at $92.76.

Vanguard Mega Cap Growth ETF Stock Up 1.3%

The firm has a market cap of $35.03 billion, a P/E ratio of 37.33 and a beta of 1.23. The firm’s 50-day simple moving average is $89.75 and its 200 day simple moving average is $86.22.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

A number of hedge funds have recently modified their holdings of MGK. Glen Eagle Advisors LLC bought a new position in Vanguard Mega Cap Growth ETF during the fourth quarter valued at $48,000. Cardiff Park Advisors LLC purchased a new stake in Vanguard Mega Cap Growth ETF in the 1st quarter worth about $46,000. Nalls Sherbakoff Group LLC bought a new stake in Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $62,000. MBM Wealth Consultants LLC purchased a new stake in Vanguard Mega Cap Growth ETF during the first quarter valued at about $64,000. Finally, MV Capital Management Inc. purchased a new stake in Vanguard Mega Cap Growth ETF during the fourth quarter valued at about $79,000.

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.