Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 1-Year High – Time to Buy?

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

Vanguard Mega Cap ETF Stock Performance

The business’s fifty day moving average is $254.40 and its two-hundred day moving average is $251.80. The company has a market cap of $9.86 billion, a P/E ratio of 26.06 and a beta of 1.01.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its position in shares of 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 worth $1,973,000 after purchasing an additional 7,424 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Vanguard Mega Cap ETF in the 2nd quarter worth $905,000. Raymond James Financial Inc. boosted its position in shares of 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 worth $90,241,000 after purchasing an additional 96,754 shares in the last quarter. Garden State Investment Advisory Services LLC boosted its position in shares of 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 worth $307,000 after purchasing an additional 150 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its position in shares of 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 worth $1,292,000 after purchasing an additional 100 shares in 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.