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

Vanguard Mega Cap ETF (NYSEARCA:MGC) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $220.01 and last traded at $219.96, with a volume of 13913 shares changing hands. The stock had previously closed at $217.99.

Vanguard Mega Cap ETF Price Performance

The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The business has a fifty day moving average of $212.22 and a 200 day moving average of $203.18.

Institutional Trading of Vanguard Mega Cap ETF

Several institutional investors and hedge funds have recently bought and sold shares of MGC. Liberty Wealth Management LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the second quarter valued at about $30,741,000. Mesirow Financial Investment Management Inc. boosted its position in shares of Vanguard Mega Cap ETF by 101.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 196,948 shares of the company’s stock worth $40,698,000 after purchasing an additional 98,974 shares during the period. Captrust Financial Advisors increased its holdings in Vanguard Mega Cap ETF by 98.4% in the 3rd quarter. Captrust Financial Advisors now owns 197,628 shares of the company’s stock valued at $40,838,000 after purchasing an additional 97,999 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Vanguard Mega Cap ETF in the third quarter valued at approximately $16,907,000. Finally, International Assets Investment Management LLC lifted its stake in Vanguard Mega Cap ETF by 20,675.3% during the third quarter. International Assets Investment Management LLC now owns 74,999 shares of the company’s stock worth $15,498,000 after purchasing an additional 74,638 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.