Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Hits New 52-Week High – Time to Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $167.45 and last traded at $167.41, with a volume of 55283 shares. The stock had previously closed at $166.79.

Vanguard Mega Cap Value ETF Stock Performance

The company’s fifty day moving average price is $163.03 and its 200 day moving average price is $154.94. The firm has a market capitalization of $13.50 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

A number of large investors have recently bought and sold shares of MGV. Kentucky Trust Co bought a new position in shares of Vanguard Mega Cap Value ETF during the second quarter valued at approximately $29,000. Wealthcare Advisory Partners LLC lifted its holdings in shares of Vanguard Mega Cap Value ETF by 3.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 154,959 shares of the company’s stock worth $25,328,000 after purchasing an additional 5,774 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in shares of Vanguard Mega Cap Value ETF by 147.6% in the 2nd quarter. Focus Financial Network Inc. now owns 14,587 shares of the company’s stock worth $2,384,000 after purchasing an additional 8,695 shares during the last quarter. Breakwater Capital Group lifted its holdings in shares of Vanguard Mega Cap Value ETF by 1.6% in the 2nd quarter. Breakwater Capital Group now owns 158,867 shares of the company’s stock worth $25,967,000 after purchasing an additional 2,476 shares during the last quarter. Finally, Crumly & Associates Inc. boosted its position in Vanguard Mega Cap Value ETF by 7.5% during the 2nd quarter. Crumly & Associates Inc. now owns 76,747 shares of the company’s stock valued at $12,544,000 after purchasing an additional 5,382 shares during the period.

About Vanguard Mega Cap Value ETF

Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.