Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 1-Year High – Time to Buy?

Vanguard Mega Cap ETF (NYSEARCA:MGC) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $276.10 and last traded at $275.98, with a volume of 7495 shares changing hands. The stock had previously closed at $274.21.

Vanguard Mega Cap ETF Stock Performance

The firm’s fifty day simple moving average is $254.40 and its 200 day simple moving average is $251.80. The firm has a market cap of $9.86 billion, a P/E ratio of 26.06 and a beta of 1.01.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

A number of hedge funds have recently bought and sold shares of the business. Independent Wealth Advisors LLC raised its stake in Vanguard Mega Cap ETF by 2.9% during the first quarter. Independent Wealth Advisors LLC now owns 13,460 shares of the company’s stock valued at $3,181,000 after purchasing an additional 375 shares in the last quarter. Western Wealth Management LLC purchased a new stake in Vanguard Mega Cap ETF during the first quarter valued at $152,000. Royal Fund Management LLC raised its stake in Vanguard Mega Cap ETF by 8.1% during the first quarter. Royal Fund Management LLC now owns 7,038 shares of the company’s stock valued at $1,669,000 after purchasing an additional 526 shares in the last quarter. Bank of America Corp DE raised its stake in Vanguard Mega Cap ETF by 0.4% during the first quarter. Bank of America Corp DE now owns 1,561,792 shares of the company’s stock valued at $369,130,000 after purchasing an additional 5,869 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in shares of Vanguard Mega Cap ETF in the 1st quarter valued at approximately $392,000.

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.