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

Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) hit a new 52-week high on Thursday . The stock traded as high as $221.58 and last traded at $221.48, with a volume of 73649 shares trading hands. The stock had previously closed at $219.09.

Vanguard Mega Cap ETF Price Performance

The stock has a 50-day moving average price of $216.85 and a 200-day moving average price of $209.22. The company has a market capitalization of $6.39 billion, a P/E ratio of 26.93 and a beta of 1.02.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Hedge funds have recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth approximately $29,000. Decker Retirement Planning Inc. acquired a new position in shares of Vanguard Mega Cap ETF during the 4th quarter valued at $30,000. SBI Securities Co. Ltd. bought a new position in Vanguard Mega Cap ETF during the fourth quarter worth $31,000. Ashton Thomas Securities LLC acquired a new stake in Vanguard Mega Cap ETF in the third quarter worth $33,000. Finally, Key Financial Inc bought a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at $40,000.

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.