Vanguard Mega Cap ETF (NYSEARCA:MGC) Reaches New 12-Month High – What’s Next?

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s stock price reached a new 52-week high on Thursday . The company traded as high as $219.31 and last traded at $219.31, with a volume of 4004 shares. The stock had previously closed at $219.22.

Vanguard Mega Cap ETF Stock Down 0.1 %

The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The stock’s 50 day moving average price is $210.59 and its two-hundred day moving average price is $202.06.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Large investors have recently made changes to their positions in the company. Foundations Investment Advisors LLC grew its holdings in Vanguard Mega Cap ETF by 65.6% in the third quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the company’s stock valued at $463,000 after purchasing an additional 888 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in Vanguard Mega Cap ETF in the 2nd quarter worth $458,000. Zhang Financial LLC increased its holdings in Vanguard Mega Cap ETF by 5.7% in the 2nd quarter. Zhang Financial LLC now owns 24,734 shares of the company’s stock worth $4,880,000 after acquiring an additional 1,342 shares in the last quarter. Brookstone Capital Management raised its position in Vanguard Mega Cap ETF by 25.4% during the second quarter. Brookstone Capital Management now owns 1,689 shares of the company’s stock worth $340,000 after acquiring an additional 342 shares during the period. Finally, One Capital Management LLC lifted its holdings in Vanguard Mega Cap ETF by 6.8% during the second quarter. One Capital Management LLC now owns 176,088 shares of the company’s stock valued at $34,740,000 after purchasing an additional 11,181 shares in the last quarter.

About Vanguard Mega Cap ETF

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.