Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Reaches New 1-Year High – Still a Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $141.51 and last traded at $141.22, with a volume of 173524 shares. The stock had previously closed at $139.44.

Vanguard Mega Cap Value ETF Trading Up 1.3%

The company has a 50 day moving average of $138.23 and a 200 day moving average of $134.37. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 18.48 and a beta of 0.80.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. NorthRock Partners LLC raised its holdings in Vanguard Mega Cap Value ETF by 100.0% during the 2nd quarter. NorthRock Partners LLC now owns 188 shares of the company’s stock worth $25,000 after buying an additional 94 shares during the period. Proathlete Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the second quarter valued at approximately $25,000. Cornerstone Planning Group LLC acquired a new position in Vanguard Mega Cap Value ETF in the 3rd quarter worth $28,000. Root Financial Partners LLC acquired a new stake in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at about $29,000. Finally, Kilter Group LLC acquired a new position in shares of Vanguard Mega Cap Value ETF during the second quarter worth about $29,000.

Vanguard Mega Cap Value ETF Company Profile

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.