Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Hits New 12-Month High – What’s Next?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGKGet Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $88.50 and last traded at $88.04, with a volume of 1812671 shares traded. The stock had previously closed at $88.12.

Vanguard Mega Cap Growth ETF Price Performance

The stock has a market capitalization of $6.69 billion, a PE ratio of 37.33 and a beta of 1.23. The business’s fifty day moving average price is $79.24 and its 200-day moving average price is $80.68.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of MGK. Brighton Jones LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 139.5% in the fourth quarter. Brighton Jones LLC now owns 1,509 shares of the company’s stock worth $518,000 after buying an additional 879 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 127.3% in the first quarter. AQR Capital Management LLC now owns 3,830 shares of the company’s stock worth $1,183,000 after buying an additional 2,145 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 1.4% in the first quarter. Goldman Sachs Group Inc. now owns 107,285 shares of the company’s stock worth $33,138,000 after buying an additional 1,483 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 12.4% in the second quarter. Russell Investments Group Ltd. now owns 2,117 shares of the company’s stock worth $775,000 after buying an additional 233 shares in the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the second quarter worth about $238,000.

About Vanguard Mega Cap Growth ETF

(Get Free Report)

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.

Further Reading

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