Vanguard Mega Cap ETF (NYSEARCA:MGC) Hits New 12-Month High – Time to Buy?

Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) hit a new 52-week high during trading on Thursday . The stock traded as high as $221.58 and last traded at $221.48, with a volume of 73649 shares traded. The stock had previously closed at $219.09.

Vanguard Mega Cap ETF Price Performance

The firm’s fifty day moving average is $216.95 and its two-hundred day moving average is $209.49. The firm has a market capitalization of $6.39 billion, a PE ratio of 26.93 and a beta of 1.02.

Institutional Trading of Vanguard Mega Cap ETF

A number of hedge funds have recently modified their holdings of MGC. Golden State Wealth Management LLC purchased a new stake in Vanguard Mega Cap ETF during the fourth quarter valued at $29,000. Decker Retirement Planning Inc. bought a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Vanguard Mega Cap ETF during the fourth quarter valued at about $31,000. Ashton Thomas Securities LLC purchased a new stake in Vanguard Mega Cap ETF during the 3rd quarter valued at about $33,000. Finally, Key Financial Inc purchased a new position in shares of Vanguard Mega Cap ETF during the fourth quarter worth $40,000.

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.