Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Reaches New 52-Week High – Here’s What Happened

Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) hit a new 52-week high on Tuesday . The company traded as high as $331.98 and last traded at $331.93, with a volume of 99788 shares traded. The stock had previously closed at $329.01.

Vanguard Mega Cap Growth ETF Stock Performance

The stock has a market capitalization of $22.00 billion, a P/E ratio of 42.92 and a beta of 1.28. The stock has a 50-day moving average price of $318.10 and a two-hundred day moving average price of $306.40.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

Hedge funds have recently made changes to their positions in the company. PSI Advisors LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF during the second quarter valued at approximately $25,000. Rothschild Investment LLC purchased a new position in Vanguard Mega Cap Growth ETF during the second quarter valued at $31,000. Redmont Wealth Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF during the second quarter valued at $35,000. Trifecta Capital Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF during the second quarter valued at $45,000. Finally, Bfsg LLC raised its stake in Vanguard Mega Cap Growth ETF by 386.7% during the third quarter. Bfsg LLC now owns 146 shares of the company’s stock valued at $47,000 after buying an additional 116 shares during the last quarter.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.