Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 1-Year High – What’s Next?

Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) reached a new 52-week high on Tuesday . The stock traded as high as $166.13 and last traded at $166.13, with a volume of 67622 shares trading hands. The stock had previously closed at $163.88.

Vanguard Mega Cap Value ETF Trading Up 1.5%

The stock’s 50-day moving average price is $161.96 and its 200-day moving average price is $154.09. The company has a market capitalization of $13.41 billion, a P/E ratio of 18.48 and a beta of 0.72.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tucker Asset Management LLC bought a new position in shares of Vanguard Mega Cap Value ETF during the fourth quarter valued at approximately $26,000. Ascentis Independent Advisors bought a new stake in shares of Vanguard Mega Cap Value ETF in the 1st quarter worth approximately $26,000. Kentucky Trust Co acquired a new position in Vanguard Mega Cap Value ETF during the 2nd quarter valued at approximately $29,000. Bay Harbor Wealth Management LLC bought a new position in Vanguard Mega Cap Value ETF during the 4th quarter worth $33,000. Finally, Key Financial Inc grew its stake in Vanguard Mega Cap Value ETF by 511.1% during the 4th quarter. Key Financial Inc now owns 275 shares of the company’s stock worth $39,000 after buying an additional 230 shares during the last quarter.

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.