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

Vanguard Mega Cap ETF (NYSEARCA:MGC) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $276.10 and last traded at $275.98, with a volume of 7495 shares trading hands. The stock had previously closed at $274.21.

Vanguard Mega Cap ETF Stock Performance

The firm has a market capitalization of $9.95 billion, a P/E ratio of 26.06 and a beta of 1.01. The firm’s 50-day moving average is $255.72 and its 200 day moving average is $252.19.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Several institutional investors have recently added to or reduced their stakes in MGC. Jane Street Group LLC lifted its position in Vanguard Mega Cap ETF by 312.6% in the 1st quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock valued at $1,973,000 after acquiring an additional 7,424 shares in the last quarter. Marshall Wace LLP bought a new stake in Vanguard Mega Cap ETF in the 2nd quarter valued at $905,000. Raymond James Financial Inc. lifted its position in Vanguard Mega Cap ETF by 31.8% in the 2nd quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock valued at $90,241,000 after acquiring an additional 96,754 shares in the last quarter. Garden State Investment Advisory Services LLC lifted its position in Vanguard Mega Cap ETF by 12.4% in the 2nd quarter. Garden State Investment Advisory Services LLC now owns 1,364 shares of the company’s stock valued at $307,000 after acquiring an additional 150 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in Vanguard Mega Cap ETF by 1.8% in the 2nd quarter. IHT Wealth Management LLC now owns 5,744 shares of the company’s stock valued at $1,292,000 after buying an additional 100 shares during the last quarter.

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.