Vanguard Mega Cap ETF (NYSEARCA:MGC) Hits New 52-Week High – Still a Buy?

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s share price reached a new 52-week high on Wednesday . The company traded as high as $267.05 and last traded at $267.05, with a volume of 8355 shares traded. The stock had previously closed at $264.90.

Vanguard Mega Cap ETF Stock Performance

The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. The stock’s 50-day simple moving average is $248.46 and its two-hundred day simple moving average is $249.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Vanguard Mega Cap ETF by 14.3% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 83,092 shares of the company’s stock worth $20,282,000 after acquiring an additional 10,383 shares during the last quarter. BCGM Wealth Management LLC lifted its position in Vanguard Mega Cap ETF by 97.3% during the 3rd quarter. BCGM Wealth Management LLC now owns 38,081 shares of the company’s stock worth $9,295,000 after acquiring an additional 18,783 shares during the last quarter. BAM Wealth Management LLC bought a new position in shares of Vanguard Mega Cap ETF during the 3rd quarter worth about $806,000. Exchange Traded Concepts LLC bought a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth about $11,119,000. Finally, Captrust Financial Advisors increased its holdings in shares of Vanguard Mega Cap ETF by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 210,723 shares of the company’s stock worth $51,435,000 after purchasing an additional 2,519 shares during the period.

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.