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

Vanguard Mega Cap ETF (NYSEARCA:MGC) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $272.11 and last traded at $271.53, with a volume of 77209 shares changing hands. The stock had previously closed at $271.06.

Vanguard Mega Cap ETF Price Performance

The stock has a market capitalization of $9.78 billion, a P/E ratio of 26.06 and a beta of 1.01. The firm has a 50 day moving average of $250.19 and a 200-day moving average of $250.59.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in shares of Vanguard Mega Cap ETF by 99.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,720,955 shares of the company’s stock worth $420,068,000 after purchasing an additional 857,073 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Vanguard Mega Cap ETF by 577.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock worth $235,127,000 after purchasing an additional 891,030 shares during the last quarter. New York Life Investment Management LLC grew its holdings in shares of Vanguard Mega Cap ETF by 23.4% in the 3rd quarter. New York Life Investment Management LLC now owns 711,400 shares of the company’s stock worth $173,646,000 after purchasing an additional 134,789 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in shares of Vanguard Mega Cap ETF in the 3rd quarter worth about $161,189,000. Finally, Morgan Stanley raised its stake in shares of Vanguard Mega Cap ETF by 3.1% in the fourth quarter. Morgan Stanley now owns 594,721 shares of the company’s stock valued at $149,376,000 after acquiring an additional 17,646 shares during the last quarter.

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.