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

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) shares reached a new 52-week high during trading on Monday . The stock traded as high as $143.55 and last traded at $143.59, with a volume of 38120 shares trading hands. The stock had previously closed at $142.44.

Vanguard Mega Cap Value ETF Stock Performance

The company’s fifty day moving average price is $139.68 and its two-hundred day moving average price is $136.15. The firm has a market capitalization of $10.90 billion, a PE ratio of 18.48 and a beta of 0.80.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

A number of hedge funds have recently made changes to their positions in the stock. Triumph Capital Management purchased a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter worth $106,000. FNY Investment Advisers LLC acquired a new stake in Vanguard Mega Cap Value ETF during the third quarter worth about $330,000. Allworth Financial LP raised its holdings in shares of Vanguard Mega Cap Value ETF by 1.9% in the 3rd quarter. Allworth Financial LP now owns 18,682 shares of the company’s stock worth $2,573,000 after purchasing an additional 347 shares during the period. IFP Advisors Inc lifted its stake in shares of Vanguard Mega Cap Value ETF by 13.8% in the 3rd quarter. IFP Advisors Inc now owns 6,891 shares of the company’s stock valued at $949,000 after purchasing an additional 834 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Vanguard Mega Cap Value ETF by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 554,007 shares of the company’s stock worth $76,309,000 after purchasing an additional 43,956 shares during the period.

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.