Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 52-Week High – Still a Buy?

Shares of Vanguard Mega Cap ETF (NYSEARCA:MGCGet Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $254.68 and last traded at $254.1640, with a volume of 7217 shares changing hands. The stock had previously closed at $254.09.

Vanguard Mega Cap ETF Stock Up 0.0%

The business has a 50 day moving average price of $249.42 and a two-hundred day moving average price of $238.51. The stock has a market cap of $8.90 billion, a P/E ratio of 26.06 and a beta of 1.01.

Institutional Trading of Vanguard Mega Cap ETF

Several hedge funds have recently made changes to their positions in MGC. FNY Investment Advisers LLC bought a new stake in shares of Vanguard Mega Cap ETF in the 3rd quarter worth approximately $122,000. IFP Advisors Inc increased its position in shares of Vanguard Mega Cap ETF by 1.2% during the third quarter. IFP Advisors Inc now owns 26,026 shares of the company’s stock worth $6,353,000 after acquiring an additional 309 shares in the last quarter. Cambria Investment Management L.P. purchased a new stake in Vanguard Mega Cap ETF during the 3rd quarter worth about $321,000. Captrust Financial Advisors boosted its stake in shares of Vanguard Mega Cap ETF by 1.2% during the third quarter. Captrust Financial Advisors now owns 210,723 shares of the company’s stock valued at $51,435,000 after purchasing an additional 2,519 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in Vanguard Mega Cap ETF by 22.8% in the third quarter. Coldstream Capital Management Inc. now owns 28,278 shares of the company’s stock worth $6,902,000 after acquiring an additional 5,256 shares in the last quarter.

About Vanguard Mega Cap ETF

(Get Free Report)

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.

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