Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Hits New 52-Week High – Here’s What Happened

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $155.01 and last traded at $154.80, with a volume of 178098 shares trading hands. The stock had previously closed at $153.80.

Vanguard Mega Cap Value ETF Stock Up 0.7%

The stock has a market capitalization of $12.05 billion, a PE ratio of 18.48 and a beta of 0.73. The stock’s 50 day moving average price is $148.61 and its 200-day moving average price is $145.36.

Institutional Trading of Vanguard Mega Cap Value ETF

A number of large investors have recently made changes to their positions in the stock. Pacific Sun Financial Corp boosted its stake in shares of Vanguard Mega Cap Value ETF by 8.0% during the first quarter. Pacific Sun Financial Corp now owns 1,617 shares of the company’s stock valued at $234,000 after purchasing an additional 120 shares during the period. Resolute Advisors LLC boosted its stake in shares of Vanguard Mega Cap Value ETF by 0.6% during the first quarter. Resolute Advisors LLC now owns 40,306 shares of the company’s stock valued at $5,842,000 after purchasing an additional 221 shares during the period. Legacy Wealth Managment LLC ID boosted its stake in shares of Vanguard Mega Cap Value ETF by 2.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 6,743 shares of the company’s stock valued at $977,000 after purchasing an additional 138 shares during the period. Florida Financial Advisors LLC boosted its stake in shares of Vanguard Mega Cap Value ETF by 20.2% during the first quarter. Florida Financial Advisors LLC now owns 19,485 shares of the company’s stock valued at $2,824,000 after purchasing an additional 3,278 shares during the period. Finally, Balefire LLC boosted its stake in shares of Vanguard Mega Cap Value ETF by 8.0% during the first quarter. Balefire LLC now owns 3,497 shares of the company’s stock valued at $507,000 after purchasing an additional 258 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.