Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Reaches New 52-Week High – What’s Next?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $342.03 and last traded at $341.79, with a volume of 182088 shares traded. The stock had previously closed at $340.56.

Vanguard Mega Cap Growth ETF Stock Down 0.1 %

The company has a market capitalization of $22.53 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. The business has a 50-day moving average price of $321.89 and a 200-day moving average price of $310.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Gateway Wealth Partners LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 0.9% during the 3rd quarter. Gateway Wealth Partners LLC now owns 3,361 shares of the company’s stock worth $1,082,000 after acquiring an additional 31 shares in the last quarter. CGN Advisors LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 5.4% during the 2nd quarter. CGN Advisors LLC now owns 796 shares of the company’s stock worth $250,000 after acquiring an additional 41 shares in the last quarter. Csenge Advisory Group boosted its stake in shares of Vanguard Mega Cap Growth ETF by 0.9% during the 2nd quarter. Csenge Advisory Group now owns 4,574 shares of the company’s stock worth $1,437,000 after acquiring an additional 42 shares in the last quarter. Strategic Blueprint LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 2.2% during the 3rd quarter. Strategic Blueprint LLC now owns 1,933 shares of the company’s stock worth $622,000 after acquiring an additional 42 shares in the last quarter. Finally, First Financial Bankshares Inc boosted its stake in shares of Vanguard Mega Cap Growth ETF by 6.0% during the 3rd quarter. First Financial Bankshares Inc now owns 778 shares of the company’s stock worth $250,000 after acquiring an additional 44 shares in the last quarter.

Vanguard Mega Cap Growth ETF Company Profile

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.