Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 52-Week High – Should You Buy?

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $280.43 and last traded at $280.43, with a volume of 19686 shares. The stock had previously closed at $277.29.

Vanguard Mega Cap ETF Stock Performance

The company has a 50 day simple moving average of $273.19 and a two-hundred day simple moving average of $259.81. The company has a market cap of $10.34 billion, a PE ratio of 26.06 and a beta of 1.01.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of Vanguard Mega Cap ETF by 0.4% during the 1st quarter. Bank of America Corp DE now owns 1,561,792 shares of the company’s stock valued at $369,130,000 after acquiring an additional 5,869 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of Vanguard Mega Cap ETF by 577.3% during the second quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock worth $235,127,000 after acquiring an additional 891,030 shares in the last quarter. Morgan Stanley raised its holdings in shares of Vanguard Mega Cap ETF by 3.1% during the fourth quarter. Morgan Stanley now owns 594,721 shares of the company’s stock worth $149,376,000 after acquiring an additional 17,646 shares in the last quarter. Wells Fargo & Company MN boosted its position in Vanguard Mega Cap ETF by 3.8% during the fourth quarter. Wells Fargo & Company MN now owns 590,775 shares of the company’s stock valued at $148,385,000 after purchasing an additional 21,811 shares during the last quarter. Finally, UBS Group AG boosted its position in Vanguard Mega Cap ETF by 3.4% during the third quarter. UBS Group AG now owns 493,819 shares of the company’s stock valued at $120,536,000 after purchasing an additional 16,121 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.