Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Hits New 12-Month High – Time to Buy?

Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $356.80 and last traded at $356.48, with a volume of 90969 shares changing hands. The stock had previously closed at $353.96.

Vanguard Mega Cap Growth ETF Stock Performance

The company has a market cap of $22.85 billion, a P/E ratio of 42.92 and a beta of 1.28. The stock has a 50 day moving average price of $336.73 and a 200 day moving average price of $320.70.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 12.7% during the 3rd quarter. FMR LLC now owns 23,961 shares of the company’s stock valued at $7,714,000 after acquiring an additional 2,704 shares during the last quarter. VitalStone Financial LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 1,738.5% during the second quarter. VitalStone Financial LLC now owns 478 shares of the company’s stock valued at $150,000 after purchasing an additional 452 shares during the last quarter. Black Diamond Financial LLC boosted its position in shares of Vanguard Mega Cap Growth ETF by 2.9% in the 2nd quarter. Black Diamond Financial LLC now owns 139,636 shares of the company’s stock valued at $43,875,000 after purchasing an additional 3,911 shares during the period. Vanguard Group Inc. increased its stake in Vanguard Mega Cap Growth ETF by 18.8% in the 1st quarter. Vanguard Group Inc. now owns 8,008 shares of the company’s stock worth $2,295,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Vanguard Mega Cap Growth ETF by 23.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 66,015 shares of the company’s stock worth $21,254,000 after buying an additional 12,655 shares during the period.

Vanguard Mega Cap Growth ETF Company Profile

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.