Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 12-Month High – Time to Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $148.26 and last traded at $146.9940, with a volume of 48529 shares trading hands. The stock had previously closed at $146.68.

Vanguard Mega Cap Value ETF Trading Up 0.4%

The stock has a market cap of $11.20 billion, a P/E ratio of 18.48 and a beta of 0.80. The company has a 50-day moving average price of $142.57 and a two-hundred day moving average price of $137.94.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

A number of large investors have recently made changes to their positions in MGV. Osaic Holdings Inc. boosted its holdings in Vanguard Mega Cap Value ETF by 557.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,099,774 shares of the company’s stock valued at $142,255,000 after acquiring an additional 932,588 shares during the period. Vantagepoint Investment Advisers LLC bought a new stake in shares of Vanguard Mega Cap Value ETF during the third quarter worth $115,536,000. Merit Financial Group LLC lifted its position in shares of Vanguard Mega Cap Value ETF by 51.7% during the fourth quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock worth $178,111,000 after purchasing an additional 429,853 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Vanguard Mega Cap Value ETF by 2.6% during the second quarter. Assetmark Inc. now owns 15,182,180 shares of the company’s stock valued at $1,991,902,000 after purchasing an additional 377,584 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of Vanguard Mega Cap Value ETF in the third quarter worth about $46,132,000.

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.