Vanguard Mega Cap ETF (NYSEARCA:MGC) Hits New 1-Year High – Here’s Why

Vanguard Mega Cap ETF (NYSEARCA:MGC) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $220.56 and last traded at $220.23, with a volume of 38819 shares traded. The stock had previously closed at $219.91.

Vanguard Mega Cap ETF Stock Performance

The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The firm’s 50-day simple moving average is $215.57 and its 200-day simple moving average is $207.28.

Institutional Trading of Vanguard Mega Cap ETF

Several institutional investors have recently made changes to their positions in MGC. Mesirow Financial Investment Management Inc. boosted its position in shares of Vanguard Mega Cap ETF by 101.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 196,948 shares of the company’s stock valued at $40,698,000 after acquiring an additional 98,974 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Vanguard Mega Cap ETF by 98.4% during the 3rd quarter. Captrust Financial Advisors now owns 197,628 shares of the company’s stock valued at $40,838,000 after purchasing an additional 97,999 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in Vanguard Mega Cap ETF during the 3rd quarter valued at about $16,907,000. International Assets Investment Management LLC lifted its holdings in Vanguard Mega Cap ETF by 20,675.3% during the 3rd quarter. International Assets Investment Management LLC now owns 74,999 shares of the company’s stock valued at $15,498,000 after purchasing an additional 74,638 shares during the last quarter. Finally, Apella Capital LLC lifted its holdings in Vanguard Mega Cap ETF by 14.8% during the 3rd quarter. Apella Capital LLC now owns 441,217 shares of the company’s stock valued at $90,220,000 after purchasing an additional 56,991 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.