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 during trading on Thursday . The company traded as high as $220.56 and last traded at $220.23, with a volume of 38819 shares trading hands. The stock had previously closed at $219.91.

Vanguard Mega Cap ETF Stock Performance

The stock has a market cap of $6.36 billion, a PE ratio of 26.93 and a beta of 1.02. The company’s 50-day moving average price is $215.90 and its 200 day moving average price is $207.50.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 12.6% in the 3rd quarter. Larson Financial Group LLC now owns 474 shares of the company’s stock valued at $98,000 after purchasing an additional 53 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 3.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 1,880 shares of the company’s stock valued at $396,000 after purchasing an additional 58 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Vanguard Mega Cap ETF by 6.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,029 shares of the company’s stock valued at $219,000 after purchasing an additional 64 shares during the last quarter. Zega Financial LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 5.6% in the 3rd quarter. Zega Financial LLC now owns 1,290 shares of the company’s stock valued at $267,000 after purchasing an additional 68 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in shares of Vanguard Mega Cap ETF by 0.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 9,382 shares of the company’s stock valued at $1,939,000 after purchasing an additional 76 shares during 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.