Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Reaches New 12-Month High – Here’s Why

Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) reached a new 52-week high on Thursday . The company traded as high as $160.56 and last traded at $160.38, with a volume of 262577 shares trading hands. The stock had previously closed at $157.83.

Vanguard Mega Cap Value ETF Price Performance

The business has a 50 day simple moving average of $152.89 and a 200 day simple moving average of $148.33. The company has a market cap of $12.53 billion, a price-to-earnings ratio of 18.48 and a beta of 0.73.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MGV. Tucker Asset Management LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 4th quarter valued at $26,000. Ascentis Independent Advisors bought a new stake in Vanguard Mega Cap Value ETF in the first quarter valued at about $26,000. Bay Harbor Wealth Management LLC acquired a new position in Vanguard Mega Cap Value ETF in the fourth quarter valued at about $33,000. Nemes Rush Group LLC acquired a new position in Vanguard Mega Cap Value ETF in the third quarter valued at about $34,000. Finally, Financial Life Planners bought a new position in Vanguard Mega Cap Value ETF during the third quarter worth about $37,000.

About Vanguard Mega Cap Value ETF

Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.