Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Reaches New 12-Month High – What’s Next?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) shares hit a new 52-week high during trading on Thursday. The company traded as high as $169.85 and last traded at $169.83, with a volume of 256,698 shares. The stock had previously closed at $168.56.

Vanguard Mega Cap Value ETF Stock Up 0.8%

The firm has a 50-day moving average of $165.50 and a two-hundred day moving average of $157.53. The company has a market capitalization of $14.21 billion, a PE ratio of 18.48 and a beta of 0.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. ICONIQ Capital LLC purchased a new position in Vanguard Mega Cap Value ETF in the 2nd quarter valued at $1,192,000. Baird Financial Group Inc. increased its stake in shares of Vanguard Mega Cap Value ETF by 1.0% during the second quarter. Baird Financial Group Inc. now owns 387,221 shares of the company’s stock worth $63,291,000 after acquiring an additional 3,737 shares during the period. Greenleaf Trust purchased a new position in Vanguard Mega Cap Value ETF during the second quarter worth about $307,000. Piedmont Capital Management LLC purchased a new position in Vanguard Mega Cap Value ETF during the second quarter worth about $18,379,000. Finally, Praetorian Wealth Management Inc. boosted its holdings in Vanguard Mega Cap Value ETF by 2.9% in the 2nd quarter. Praetorian Wealth Management Inc. now owns 379,594 shares of the company’s stock valued at $62,045,000 after purchasing an additional 10,854 shares in the last quarter.

Vanguard Mega Cap Value ETF Company Profile

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.