Vanguard Mega Cap ETF (NYSEARCA:MGC) Reaches New 12-Month High – Should You Buy?

Vanguard Mega Cap ETF (NYSEARCA:MGC) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $254.93 and last traded at $255.0510, with a volume of 104526 shares trading hands. The stock had previously closed at $253.83.

Vanguard Mega Cap ETF Stock Performance

The business has a 50 day moving average of $250.17 and a two-hundred day moving average of $240.75. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01.

Institutional Trading of Vanguard Mega Cap ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Orion Porfolio Solutions LLC lifted its position in Vanguard Mega Cap ETF by 577.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock valued at $235,127,000 after acquiring an additional 891,030 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Vanguard Mega Cap ETF by 99.2% in the third quarter. Envestnet Asset Management Inc. now owns 1,720,955 shares of the company’s stock valued at $420,068,000 after purchasing an additional 857,073 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new position in shares of Vanguard Mega Cap ETF in the third quarter valued at approximately $161,189,000. RiverFront Investment Group LLC boosted its position in shares of Vanguard Mega Cap ETF by 30,480.3% during the second quarter. RiverFront Investment Group LLC now owns 476,135 shares of the company’s stock valued at $107,092,000 after buying an additional 474,578 shares during the last quarter. Finally, Procyon Advisors LLC bought a new stake in Vanguard Mega Cap ETF during the third quarter worth $111,919,000.

About Vanguard Mega Cap ETF

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.