Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Sets New 1-Year High – Here’s Why

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) hit a new 52-week high during trading on Monday . The company traded as high as $92.41 and last traded at $92.5270, with a volume of 288972 shares trading hands. The stock had previously closed at $90.89.

Vanguard Mega Cap Growth ETF Price Performance

The company has a market cap of $34.88 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24. The firm has a fifty day simple moving average of $88.77 and a 200 day simple moving average of $85.23.

Institutional Trading of Vanguard Mega Cap Growth ETF

Several institutional investors have recently made changes to their positions in MGK. Avestar Capital LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 0.9% during the 4th quarter. Avestar Capital LLC now owns 3,450 shares of the company’s stock worth $1,424,000 after buying an additional 30 shares in the last quarter. Key Financial Inc grew its holdings in shares of Vanguard Mega Cap Growth ETF by 4.7% in the fourth quarter. Key Financial Inc now owns 753 shares of the company’s stock valued at $311,000 after acquiring an additional 34 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Vanguard Mega Cap Growth ETF by 8.6% during the fourth quarter. Larson Financial Group LLC now owns 490 shares of the company’s stock valued at $202,000 after acquiring an additional 39 shares during the last quarter. First Command Advisory Services Inc. increased its position in shares of Vanguard Mega Cap Growth ETF by 14.0% during the fourth quarter. First Command Advisory Services Inc. now owns 554 shares of the company’s stock valued at $229,000 after acquiring an additional 68 shares during the last quarter. Finally, Endeavor Private Wealth Inc. lifted its holdings in Vanguard Mega Cap Growth ETF by 7.3% during the fourth quarter. Endeavor Private Wealth Inc. now owns 1,041 shares of the company’s stock worth $430,000 after acquiring an additional 71 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.