Vanguard Mega Cap ETF (NYSEARCA:MGC) Reaches New 52-Week High – Still a Buy?

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s share price reached 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. The stock had previously closed at $217.99.

Vanguard Mega Cap ETF Stock Performance

The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The company has a fifty day simple moving average of $211.62 and a two-hundred day simple moving average of $202.95.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

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

About Vanguard Mega Cap ETF

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.