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

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s share price hit a new 52-week high during trading on Wednesday. The stock traded as high as $170.77 and last traded at $170.8030, with a volume of 88,153 shares changing hands. The stock had previously closed at $168.62.

Vanguard Mega Cap Value ETF Price Performance

The company’s 50-day moving average is $165.59 and its two-hundred day moving average is $158.00. The company has a market cap of $14.41 billion, a P/E ratio of 20.06 and a beta of 0.72.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

Several institutional investors have recently made changes to their positions in the business. Vantagepoint Investment Advisers LLC purchased a new position in shares of Vanguard Mega Cap Value ETF during the 3rd quarter worth $118,104,000. BTG Pactual Asset Management US LLC raised its holdings in Vanguard Mega Cap Value ETF by 238.0% in the 2nd quarter. BTG Pactual Asset Management US LLC now owns 724,232 shares of the company’s stock worth $118,376,000 after purchasing an additional 509,956 shares during the period. Commonwealth Equity Services LLC bought a new position in Vanguard Mega Cap Value ETF in the 3rd quarter worth $46,196,000. Bernardo Wealth Planning LLC lifted its position in Vanguard Mega Cap Value ETF by 96.2% during the third quarter. Bernardo Wealth Planning LLC now owns 367,590 shares of the company’s stock valued at $59,215,000 after purchasing an additional 180,201 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Vanguard Mega Cap Value ETF by 1.1% during the first quarter. Assetmark Inc. now owns 15,596,695 shares of the company’s stock valued at $2,260,741,000 after purchasing an additional 166,009 shares during the period.

Vanguard Mega Cap Value ETF Company Profile

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.