Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Hits New 12-Month High – Here’s Why

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $148.26 and last traded at $146.9940, with a volume of 48529 shares. The stock had previously closed at $146.68.

Vanguard Mega Cap Value ETF Trading Up 0.3%

The stock has a market capitalization of $11.27 billion, a P/E ratio of 18.48 and a beta of 0.80. The business has a 50-day moving average price of $143.04 and a 200 day moving average price of $138.12.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its holdings in shares of Vanguard Mega Cap Value ETF by 557.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,099,774 shares of the company’s stock valued at $142,255,000 after acquiring an additional 932,588 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in Vanguard Mega Cap Value ETF during the third quarter valued at approximately $115,536,000. Merit Financial Group LLC raised its position in Vanguard Mega Cap Value ETF by 51.7% during the fourth quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock valued at $178,111,000 after purchasing an additional 429,853 shares during the period. Assetmark Inc. lifted its stake in shares of Vanguard Mega Cap Value ETF by 2.6% in the 2nd quarter. Assetmark Inc. now owns 15,182,180 shares of the company’s stock valued at $1,991,902,000 after purchasing an additional 377,584 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter worth approximately $46,132,000.

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.