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

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $158.37 and last traded at $157.76, with a volume of 160605 shares traded. The stock had previously closed at $157.88.

Vanguard Mega Cap Value ETF Price Performance

The company’s 50 day moving average price is $150.21 and its two-hundred day moving average price is $146.89. The stock has a market capitalization of $12.28 billion, a PE ratio of 18.48 and a beta of 0.73.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Vanguard Mega Cap Value ETF by 12.4% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 113,170 shares of the company’s stock worth $15,588,000 after purchasing an additional 12,507 shares during the period. Breakwater Capital Group raised its stake in Vanguard Mega Cap Value ETF by 11.4% during the fourth quarter. Breakwater Capital Group now owns 146,115 shares of the company’s stock worth $20,626,000 after purchasing an additional 14,981 shares during the period. Amara Financial LLC. raised its stake in Vanguard Mega Cap Value ETF by 8.6% during the fourth quarter. Amara Financial LLC. now owns 57,216 shares of the company’s stock worth $8,077,000 after purchasing an additional 4,520 shares during the period. Colorado Capital Management Inc. raised its stake in Vanguard Mega Cap Value ETF by 18.7% during the fourth quarter. Colorado Capital Management Inc. now owns 45,428 shares of the company’s stock worth $6,413,000 after purchasing an additional 7,160 shares during the period. Finally, Sheridan Capital Management LLC raised its stake in Vanguard Mega Cap Value ETF by 4.3% during the fourth quarter. Sheridan Capital Management LLC now owns 144,775 shares of the company’s stock worth $20,437,000 after purchasing an additional 6,035 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.