Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 12-Month High – Time to Buy?

Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) reached a new 52-week high during trading on Tuesday . The stock traded as high as $261.82 and last traded at $261.68, with a volume of 81193 shares trading hands. The stock had previously closed at $261.17.

Vanguard Mega Cap ETF Price Performance

The company’s 50-day simple moving average is $247.11 and its 200 day simple moving average is $249.18. The firm has a market cap of $9.33 billion, a P/E ratio of 26.06 and a beta of 1.01.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Several institutional investors have recently bought and sold shares of the business. Cabana LLC lifted its position in Vanguard Mega Cap ETF by 13.8% during the first quarter. Cabana LLC now owns 2,417 shares of the company’s stock valued at $572,000 after purchasing an additional 293 shares during the last quarter. Ascentis Independent Advisors lifted its holdings in shares of Vanguard Mega Cap ETF by 113.7% in the 1st quarter. Ascentis Independent Advisors now owns 2,327 shares of the company’s stock worth $550,000 after acquiring an additional 1,238 shares during the last quarter. Retirement Financial Solutions LLC lifted its holdings in shares of Vanguard Mega Cap ETF by 2.5% in the 1st quarter. Retirement Financial Solutions LLC now owns 47,241 shares of the company’s stock worth $11,165,000 after acquiring an additional 1,160 shares during the last quarter. NBT Bank N A NY lifted its holdings in shares of Vanguard Mega Cap ETF by 49.0% in the 1st quarter. NBT Bank N A NY now owns 374 shares of the company’s stock worth $88,000 after acquiring an additional 123 shares during the last quarter. Finally, World Investment Advisors lifted its holdings in shares of Vanguard Mega Cap ETF by 1.3% in the 1st quarter. World Investment Advisors now owns 7,418 shares of the company’s stock worth $1,753,000 after acquiring an additional 92 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.