Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Reaches New 12-Month High – Time to Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s stock price hit a new 52-week high during trading on Thursday. The stock traded as high as $169.85 and last traded at $169.83, with a volume of 256,698 shares traded. The stock had previously closed at $168.56.

Vanguard Mega Cap Value ETF Stock Performance

The business has a fifty day moving average price of $165.56 and a 200 day moving average price of $157.77. The company has a market capitalization of $14.14 billion, a PE ratio of 18.48 and a beta of 0.72.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Silicon Valley Capital Partners raised its stake in shares of Vanguard Mega Cap Value ETF by 0.4% during the second quarter. Silicon Valley Capital Partners now owns 15,567 shares of the company’s stock valued at $2,544,000 after purchasing an additional 68 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in Vanguard Mega Cap Value ETF by 1.4% in the third quarter. Cyndeo Wealth Partners LLC now owns 5,985 shares of the company’s stock worth $964,000 after purchasing an additional 83 shares during the period. Valmark Advisers Inc. grew its position in Vanguard Mega Cap Value ETF by 4.0% in the 1st quarter. Valmark Advisers Inc. now owns 2,546 shares of the company’s stock valued at $369,000 after buying an additional 99 shares in the last quarter. Roberts Glore & Co. Inc. IL grew its position in Vanguard Mega Cap Value ETF by 0.6% in the 1st quarter. Roberts Glore & Co. Inc. IL now owns 18,903 shares of the company’s stock valued at $2,740,000 after buying an additional 114 shares in the last quarter. Finally, Pacific Sun Financial Corp grew its position in Vanguard Mega Cap Value ETF by 8.0% in the 1st quarter. Pacific Sun Financial Corp now owns 1,617 shares of the company’s stock valued at $234,000 after buying an additional 120 shares in the last quarter.

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.