Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Reaches New 12-Month Low – Here’s Why

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $63.74 and last traded at $88.58, with a volume of 1183788 shares. The stock had previously closed at $87.69.

Vanguard Mega Cap Growth ETF Trading Up 1.0%

The firm has a fifty day moving average price of $88.04 and a 200 day moving average price of $82.38. The firm has a market cap of $33.32 billion, a PE ratio of 37.33 and a beta of 1.24.

Hedge Funds Weigh In On Vanguard Mega Cap Growth ETF

A number of institutional investors have recently bought and sold shares of MGK. Ancora Advisors LLC boosted its holdings in Vanguard Mega Cap Growth ETF by 88.6% in the 3rd quarter. Ancora Advisors LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 31 shares during the last quarter. Aventura Private Wealth LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the 4th quarter worth approximately $28,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the 4th quarter worth approximately $32,000. Costello Asset Management INC raised its position in shares of Vanguard Mega Cap Growth ETF by 116.3% during the 4th quarter. Costello Asset Management INC now owns 93 shares of the company’s stock valued at $39,000 after buying an additional 50 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its position in shares of Vanguard Mega Cap Growth ETF by 350.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 99 shares of the company’s stock valued at $41,000 after buying an additional 77 shares during the period.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.