Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Hits New 12-Month High – Here’s Why

Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) reached a new 52-week high during trading on Friday . The company traded as high as $140.39 and last traded at $140.56, with a volume of 12177 shares traded. The stock had previously closed at $139.81.

Vanguard Mega Cap Value ETF Stock Up 0.6%

The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 18.48 and a beta of 0.80. The company’s fifty day simple moving average is $137.78 and its 200 day simple moving average is $133.51.

Institutional Investors Weigh In On Vanguard Mega Cap Value ETF

Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. boosted its holdings in shares of Vanguard Mega Cap Value ETF by 2.6% during the second quarter. Assetmark Inc. now owns 15,182,180 shares of the company’s stock worth $1,991,902,000 after acquiring an additional 377,584 shares during the period. Bank of America Corp DE lifted its holdings in Vanguard Mega Cap Value ETF by 7.9% during the 2nd quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock worth $575,265,000 after purchasing an additional 319,194 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Vanguard Mega Cap Value ETF by 17.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,042,106 shares of the company’s stock valued at $281,261,000 after purchasing an additional 298,993 shares during the period. UBS Group AG boosted its stake in Vanguard Mega Cap Value ETF by 3.8% in the 3rd quarter. UBS Group AG now owns 1,753,992 shares of the company’s stock valued at $241,595,000 after purchasing an additional 63,931 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in Vanguard Mega Cap Value ETF by 557.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,099,774 shares of the company’s stock valued at $142,255,000 after buying an additional 932,588 shares in the last quarter.

About Vanguard Mega Cap Value ETF

Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index.