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

Vanguard Mega Cap ETF (NYSEARCA:MGC) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $285.29 and last traded at $285.25, with a volume of 5332 shares changing hands. The stock had previously closed at $283.06.

Vanguard Mega Cap ETF Price Performance

The business’s 50 day moving average price is $273.87 and its 200 day moving average price is $261.34. The firm has a market cap of $10.41 billion, a PE ratio of 26.06 and a beta of 1.01.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

A number of hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the first quarter worth approximately $27,000. Winch Advisory Services LLC acquired a new position in Vanguard Mega Cap ETF in the 1st quarter valued at $34,000. Garton & Associates Financial Advisors LLC purchased a new position in Vanguard Mega Cap ETF in the 4th quarter valued at $48,000. SHP Wealth Management purchased a new position in Vanguard Mega Cap ETF in the 4th quarter valued at $68,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in Vanguard Mega Cap ETF during the 1st quarter worth $71,000.

Vanguard Mega Cap ETF Company Profile

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.