Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Sets New 12-Month High – Still a Buy?

Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) hit a new 52-week high on Monday . The company traded as high as $343.36 and last traded at $343.29, with a volume of 54712 shares trading hands. The stock had previously closed at $340.02.

Vanguard Mega Cap Growth ETF Price Performance

The business has a 50-day moving average of $328.70 and a two-hundred day moving average of $315.64. The company has a market cap of $22.73 billion, a P/E ratio of 42.92 and a beta of 1.28.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. VitalStone Financial LLC raised its stake in Vanguard Mega Cap Growth ETF by 1,738.5% in the second quarter. VitalStone Financial LLC now owns 478 shares of the company’s stock valued at $150,000 after buying an additional 452 shares during the last quarter. Tidal Investments LLC purchased a new stake in Vanguard Mega Cap Growth ETF in the first quarter valued at about $1,167,000. Black Diamond Financial LLC raised its stake in shares of Vanguard Mega Cap Growth ETF by 2.9% in the second quarter. Black Diamond Financial LLC now owns 139,636 shares of the company’s stock worth $43,875,000 after purchasing an additional 3,911 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Vanguard Mega Cap Growth ETF by 18.8% in the first quarter. Vanguard Group Inc. now owns 8,008 shares of the company’s stock worth $2,295,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Vanguard Mega Cap Growth ETF by 23.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 66,015 shares of the company’s stock worth $21,254,000 after purchasing an additional 12,655 shares during the last quarter.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.