Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Hits New 52-Week High – Time to Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGVGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as $150.82 and last traded at $150.25, with a volume of 461308 shares. The stock had previously closed at $149.60.

Vanguard Mega Cap Value ETF Trading Up 0.4%

The company has a 50 day moving average of $143.51 and a 200-day moving average of $138.47. The firm has a market capitalization of $11.43 billion, a P/E ratio of 18.48 and a beta of 0.80.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. NorthRock Partners LLC raised its stake in Vanguard Mega Cap Value ETF by 100.0% in the 2nd quarter. NorthRock Partners LLC now owns 188 shares of the company’s stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Cornerstone Planning Group LLC acquired a new position in shares of Vanguard Mega Cap Value ETF during the 3rd quarter worth approximately $28,000. Kilter Group LLC bought a new position in shares of Vanguard Mega Cap Value ETF during the second quarter worth approximately $29,000. Root Financial Partners LLC bought a new position in shares of Vanguard Mega Cap Value ETF during the third quarter worth approximately $29,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Vanguard Mega Cap Value ETF in the second quarter valued at approximately $30,000.

Vanguard Mega Cap Value ETF Company Profile

(Get Free Report)

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.

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