Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 12-Month High – Here’s What Happened

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) shares reached a new 52-week high on Monday . The stock traded as high as $169.11 and last traded at $169.08, with a volume of 23563 shares traded. The stock had previously closed at $168.84.

Vanguard Mega Cap Value ETF Price Performance

The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72. The company has a 50-day simple moving average of $163.61 and a two-hundred day simple moving average of $155.41.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Compass Financial Management LLC purchased a new position in shares of Vanguard Mega Cap Value ETF during the second quarter valued at $93,000. Kentucky Trust Co acquired a new position in shares of Vanguard Mega Cap Value ETF in the 2nd quarter valued at about $29,000. Wealthcare Advisory Partners LLC lifted its position in Vanguard Mega Cap Value ETF by 3.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 154,959 shares of the company’s stock worth $25,328,000 after buying an additional 5,774 shares in the last quarter. Focus Financial Network Inc. increased its stake in shares of Vanguard Mega Cap Value ETF by 147.6% in the second quarter. Focus Financial Network Inc. now owns 14,587 shares of the company’s stock worth $2,384,000 after acquiring an additional 8,695 shares during the last quarter. Finally, Breakwater Capital Group increased its stake in shares of Vanguard Mega Cap Value ETF by 1.6% in the second quarter. Breakwater Capital Group now owns 158,867 shares of the company’s stock worth $25,967,000 after acquiring an additional 2,476 shares during the last quarter.

About Vanguard Mega Cap Value ETF

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.