Vanguard Mega Cap ETF (NYSEARCA:MGC) Reaches New 12-Month High – Here’s Why

Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) hit a new 52-week high during trading on Wednesday . The company traded as high as $220.01 and last traded at $219.96, with a volume of 13913 shares trading hands. The stock had previously closed at $217.99.

Vanguard Mega Cap ETF Price Performance

The company has a fifty day moving average price of $211.62 and a two-hundred day moving average price of $202.95. The company has a market capitalization of $6.34 billion, a P/E ratio of 26.93 and a beta of 1.02.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Several institutional investors and hedge funds have recently made changes to their positions in MGC. Ashton Thomas Securities LLC bought a new position in shares of Vanguard Mega Cap ETF in the 3rd quarter worth about $33,000. Hershey Financial Advisers LLC bought a new stake in Vanguard Mega Cap ETF in the second quarter worth approximately $36,000. Future Financial Wealth Managment LLC acquired a new position in Vanguard Mega Cap ETF in the third quarter valued at approximately $41,000. International Assets Investment Management LLC bought a new position in shares of Vanguard Mega Cap ETF during the 2nd quarter worth approximately $71,000. Finally, Larson Financial Group LLC grew its position in shares of Vanguard Mega Cap ETF by 18.3% during the 2nd quarter. Larson Financial Group LLC now owns 421 shares of the company’s stock worth $83,000 after buying an additional 65 shares during the period.

Vanguard Mega Cap ETF Company Profile

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.