Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Reaches New 12-Month High – Here’s What Happened

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s stock price reached a new 52-week high during trading on Wednesday. The company traded as high as $170.77 and last traded at $170.8030, with a volume of 88,153 shares trading hands. The stock had previously closed at $168.62.

Vanguard Mega Cap Value ETF Price Performance

The stock’s 50 day moving average price is $165.60 and its two-hundred day moving average price is $158.22. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 20.06 and a beta of 0.72.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new stake in shares of Vanguard Mega Cap Value ETF during the 1st quarter worth about $26,000. Kentucky Trust Co acquired a new position in Vanguard Mega Cap Value ETF in the second quarter valued at about $29,000. Root Financial Partners LLC acquired a new position in Vanguard Mega Cap Value ETF in the third quarter valued at about $33,000. Adirondack Trust Co. bought a new stake in Vanguard Mega Cap Value ETF during the third quarter worth about $34,000. Finally, Balance Wealth Partners LLC bought a new stake in Vanguard Mega Cap Value ETF during the third quarter worth about $36,000.

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.