Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Hits New 12-Month High – What’s Next?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) hit a new 52-week high on Tuesday . The stock traded as high as $89.99 and last traded at $89.97, with a volume of 335181 shares traded. The stock had previously closed at $88.99.

Vanguard Mega Cap Growth ETF Price Performance

The company has a 50-day simple moving average of $81.54 and a two-hundred day simple moving average of $81.04. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 37.33 and a beta of 1.23.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

Several large investors have recently added to or reduced their stakes in MGK. Ancora Advisors LLC increased its holdings in shares of Vanguard Mega Cap Growth ETF by 88.6% during the third quarter. Ancora Advisors LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 31 shares during the period. Aventura Private Wealth LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter valued at $28,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter valued at $32,000. Costello Asset Management INC increased its holdings in shares of Vanguard Mega Cap Growth ETF by 116.3% during the fourth quarter. Costello Asset Management INC now owns 93 shares of the company’s stock valued at $39,000 after purchasing an additional 50 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its holdings in shares of Vanguard Mega Cap Growth ETF by 350.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 99 shares of the company’s stock valued at $41,000 after purchasing an additional 77 shares during the period.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.