Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 52-Week High – Here’s What Happened

Vanguard Mega Cap ETF (NYSEARCA:MGC) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $267.05 and last traded at $267.05, with a volume of 8355 shares changing hands. The stock had previously closed at $264.90.

Vanguard Mega Cap ETF Stock Up 1.2%

The company has a market cap of $9.60 billion, a PE ratio of 26.06 and a beta of 1.01. The business’s 50 day moving average price is $247.68 and its 200-day moving average price is $249.50.

Institutional Trading of Vanguard Mega Cap ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC increased its stake in Vanguard Mega Cap ETF by 312.6% during the first quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock valued at $1,973,000 after purchasing an additional 7,424 shares during the last quarter. Marshall Wace LLP bought a new stake in Vanguard Mega Cap ETF during the second quarter valued at $905,000. Raymond James Financial Inc. boosted its holdings in shares of Vanguard Mega Cap ETF by 31.8% during the second quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock valued at $90,241,000 after acquiring an additional 96,754 shares during the period. Garden State Investment Advisory Services LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 12.4% during the second quarter. Garden State Investment Advisory Services LLC now owns 1,364 shares of the company’s stock valued at $307,000 after acquiring an additional 150 shares during the period. Finally, IHT Wealth Management LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 1.8% during the second quarter. IHT Wealth Management LLC now owns 5,744 shares of the company’s stock valued at $1,292,000 after acquiring an additional 100 shares during the period.

About Vanguard Mega Cap ETF

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.