Vanguard Mega Cap ETF (NYSEARCA:MGC) Reaches New 52-Week High – Should You Buy?

Vanguard Mega Cap ETF (NYSEARCA:MGC) hit a new 52-week high on Tuesday. The stock traded as high as $288.04 and last traded at $288.5930, with a volume of 16169 shares. The stock had previously closed at $286.75.

Vanguard Mega Cap ETF Trading Down 0.1%

The company’s 50 day moving average price is $281.97 and its 200 day moving average price is $270.74. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in shares of Vanguard Mega Cap ETF during the first quarter valued at approximately $27,000. Winch Advisory Services LLC purchased a new stake in Vanguard Mega Cap ETF in the 1st quarter worth approximately $34,000. SHP Wealth Management acquired a new position in Vanguard Mega Cap ETF in the 4th quarter valued at $68,000. Turtle Creek Wealth Advisors LLC acquired a new position in Vanguard Mega Cap ETF in the 1st quarter valued at $71,000. Finally, NBT Bank N A NY lifted its stake in shares of Vanguard Mega Cap ETF by 49.0% during the 1st quarter. NBT Bank N A NY now owns 374 shares of the company’s stock worth $88,000 after purchasing an additional 123 shares during the period.

About Vanguard Mega Cap ETF

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.