Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Reaches New 1-Year High – Should You Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) reached a new 52-week high on Thursday . The company traded as high as $160.56 and last traded at $160.38, with a volume of 262577 shares. The stock had previously closed at $157.83.

Vanguard Mega Cap Value ETF Stock Up 0.9%

The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 18.48 and a beta of 0.73. The stock has a fifty day moving average price of $153.54 and a two-hundred day moving average price of $148.59.

Institutional Investors Weigh In On Vanguard Mega Cap Value ETF

Several large investors have recently modified their holdings of MGV. Merit Financial Group LLC boosted its stake in shares of Vanguard Mega Cap Value ETF by 51.7% during the 4th quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock worth $178,111,000 after acquiring an additional 429,853 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Vanguard Mega Cap Value ETF in the third quarter worth $46,132,000. Strategic Investment Advisors MI boosted its position in shares of Vanguard Mega Cap Value ETF by 3,318,590.0% in the fourth quarter. Strategic Investment Advisors MI now owns 331,869 shares of the company’s stock worth $46,879,000 after buying an additional 331,859 shares during the period. Bank of America Corp DE boosted its position in shares of Vanguard Mega Cap Value ETF by 7.9% in the second quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock worth $575,265,000 after buying an additional 319,194 shares during the period. Finally, Assetmark Inc. boosted its position in shares of Vanguard Mega Cap Value ETF by 2.1% in the fourth quarter. Assetmark Inc. now owns 15,430,686 shares of the company’s stock worth $2,178,196,000 after buying an additional 312,445 shares during the period.

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.