Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 52-Week High – Here’s Why

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) hit a new 52-week high during trading on Thursday . The stock traded as high as $165.73 and last traded at $165.40, with a volume of 13147 shares trading hands. The stock had previously closed at $162.59.

Vanguard Mega Cap Value ETF Stock Performance

The stock has a market cap of $12.90 billion, a price-to-earnings ratio of 18.48 and a beta of 0.73. The company has a 50-day simple moving average of $155.96 and a two-hundred day simple moving average of $149.94.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MGV. Valmark Advisers Inc. raised its position in Vanguard Mega Cap Value ETF by 2.9% during the fourth quarter. Valmark Advisers Inc. now owns 2,447 shares of the company’s stock worth $345,000 after acquiring an additional 69 shares in the last quarter. CVA Family Office LLC grew its position in shares of Vanguard Mega Cap Value ETF by 0.3% in the 4th quarter. CVA Family Office LLC now owns 28,166 shares of the company’s stock valued at $3,976,000 after acquiring an additional 74 shares during the period. Wealthcare Capital Partners LLC grew its position in shares of Vanguard Mega Cap Value ETF by 0.4% in the 4th quarter. Wealthcare Capital Partners LLC now owns 17,683 shares of the company’s stock valued at $2,496,000 after acquiring an additional 76 shares during the period. Encompass Wealth Advisors LLC increased its stake in shares of Vanguard Mega Cap Value ETF by 0.3% during the 4th quarter. Encompass Wealth Advisors LLC now owns 29,028 shares of the company’s stock worth $4,098,000 after purchasing an additional 80 shares during the last quarter. Finally, Wedbush Securities Inc. increased its stake in shares of Vanguard Mega Cap Value ETF by 3.1% during the 4th quarter. Wedbush Securities Inc. now owns 2,687 shares of the company’s stock worth $379,000 after purchasing an additional 80 shares during the last quarter.

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.