Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Reaches New 52-Week High – Should You Buy?

Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) hit a new 52-week high during trading on Wednesday . The company traded as high as $86.01 and last traded at $85.92, with a volume of 178467 shares. The stock had previously closed at $85.17.

Vanguard Mega Cap Growth ETF Stock Up 1.4%

The firm has a market cap of $6.52 billion, a PE ratio of 37.33 and a beta of 1.23. The firm’s fifty day simple moving average is $78.05 and its two-hundred day simple moving average is $80.39.

Hedge Funds Weigh In On Vanguard Mega Cap Growth ETF

Large investors have recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 10.7% in the third quarter. Capstone Wealth Management Group LLC now owns 31,093 shares of the company’s stock worth $12,512,000 after buying an additional 3,001 shares in the last quarter. First Horizon Corp bought a new stake in Vanguard Mega Cap Growth ETF in the third quarter worth $1,351,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Vanguard Mega Cap Growth ETF by 17.6% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 48,651 shares of the company’s stock worth $19,578,000 after purchasing an additional 7,270 shares during the last quarter. Beaumont Asset Management L.L.C. increased its position in Vanguard Mega Cap Growth ETF by 271.2% in the third quarter. Beaumont Asset Management L.L.C. now owns 6,233 shares of the company’s stock worth $2,508,000 after purchasing an additional 4,554 shares during the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in Vanguard Mega Cap Growth ETF in the third quarter worth $551,000.

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.