Vanguard Mega Cap ETF (NYSEARCA:MGC) Reaches New 12-Month High – Time to Buy?

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s share price hit a new 52-week high on Wednesday . The company traded as high as $255.75 and last traded at $255.0110, with a volume of 16717 shares traded. The stock had previously closed at $254.96.

Vanguard Mega Cap ETF Stock Performance

The business has a 50 day moving average price of $251.27 and a 200-day moving average price of $243.75. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its stake in shares of Vanguard Mega Cap ETF by 312.6% in the 1st quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock valued at $1,973,000 after acquiring an additional 7,424 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Vanguard Mega Cap ETF by 82.4% in the second quarter. Janney Montgomery Scott LLC now owns 88,291 shares of the company’s stock valued at $19,859,000 after purchasing an additional 39,878 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in shares of Vanguard Mega Cap ETF by 7.4% during the second quarter. Capital Investment Advisors LLC now owns 75,160 shares of the company’s stock valued at $16,905,000 after purchasing an additional 5,159 shares during the period. BCU Wealth Advisors LLC boosted its position in shares of Vanguard Mega Cap ETF by 16.7% during the 2nd quarter. BCU Wealth Advisors LLC now owns 2,793 shares of the company’s stock worth $628,000 after purchasing an additional 400 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of Vanguard Mega Cap ETF by 5.8% during the 2nd quarter. Truist Financial Corp now owns 190,959 shares of the company’s stock worth $42,951,000 after purchasing an additional 10,471 shares in the last quarter.

Vanguard Mega Cap ETF Company Profile

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.