Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 12-Month High – What’s Next?

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $280.43 and last traded at $280.43, with a volume of 19686 shares trading hands. The stock had previously closed at $277.29.

Vanguard Mega Cap ETF Trading Down 0.2%

The company has a market cap of $10.32 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. The business has a fifty day moving average of $273.44 and a two-hundred day moving average of $260.23.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

A number of large investors have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC raised its position in shares of Vanguard Mega Cap ETF by 577.3% in the second quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock valued at $235,127,000 after buying an additional 891,030 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Vanguard Mega Cap ETF by 31.8% in the 2nd quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock worth $90,241,000 after purchasing an additional 96,754 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Vanguard Mega Cap ETF by 547.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 101,025 shares of the company’s stock worth $25,374,000 after purchasing an additional 85,413 shares during the last quarter. Win Advisors Inc. purchased a new stake in shares of Vanguard Mega Cap ETF in the fourth quarter valued at approximately $21,008,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Vanguard Mega Cap ETF in the third quarter valued at approximately $16,972,000.

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.