Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Reaches New 12-Month High – Still a Buy?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)’s stock price reached a new 52-week high on Friday. The stock traded as high as $94.01 and last traded at $94.0820, with a volume of 100292 shares changing hands. The stock had previously closed at $92.76.

Vanguard Mega Cap Growth ETF Stock Performance

The stock has a market cap of $35.03 billion, a P/E ratio of 37.33 and a beta of 1.23. The stock has a 50-day moving average price of $89.75 and a 200-day moving average price of $86.22.

Hedge Funds Weigh In On Vanguard Mega Cap Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Avestar Capital LLC boosted its position in Vanguard Mega Cap Growth ETF by 0.9% in the 4th quarter. Avestar Capital LLC now owns 3,450 shares of the company’s stock worth $1,424,000 after purchasing an additional 30 shares in the last quarter. First Command Advisory Services Inc. lifted its stake in shares of Vanguard Mega Cap Growth ETF by 14.0% in the 4th quarter. First Command Advisory Services Inc. now owns 554 shares of the company’s stock valued at $229,000 after purchasing an additional 68 shares during the period. Endeavor Private Wealth Inc. lifted its stake in shares of Vanguard Mega Cap Growth ETF by 7.3% in the 4th quarter. Endeavor Private Wealth Inc. now owns 1,041 shares of the company’s stock valued at $430,000 after purchasing an additional 71 shares during the period. Glen Eagle Advisors LLC purchased a new stake in Vanguard Mega Cap Growth ETF during the fourth quarter worth $48,000. Finally, HBW Advisory Services LLC grew its position in Vanguard Mega Cap Growth ETF by 6.8% during the first quarter. HBW Advisory Services LLC now owns 1,886 shares of the company’s stock valued at $693,000 after buying an additional 120 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.