Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 52-Week High – Still a Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $130.89 and last traded at $130.69, with a volume of 61591 shares. The stock had previously closed at $130.66.

Vanguard Mega Cap Value ETF Price Performance

The stock’s fifty day moving average price is $126.20 and its 200-day moving average price is $121.24. The firm has a market cap of $8.10 billion, a PE ratio of 18.88 and a beta of 0.66.

Institutional Investors Weigh In On Vanguard Mega Cap Value ETF

A number of large investors have recently made changes to their positions in MGV. Sonoma Private Wealth LLC grew its holdings in shares of Vanguard Mega Cap Value ETF by 4.7% in the third quarter. Sonoma Private Wealth LLC now owns 2,832 shares of the company’s stock valued at $363,000 after purchasing an additional 126 shares during the period. Global Retirement Partners LLC grew its stake in shares of Vanguard Mega Cap Value ETF by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 11,184 shares of the company’s stock valued at $1,435,000 after buying an additional 379 shares during the period. Annapolis Financial Services LLC increased its holdings in shares of Vanguard Mega Cap Value ETF by 19.2% during the 3rd quarter. Annapolis Financial Services LLC now owns 68,105 shares of the company’s stock worth $8,737,000 after buying an additional 10,954 shares during the last quarter. Keystone Wealth Services LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF during the 3rd quarter valued at approximately $232,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Vanguard Mega Cap Value ETF in the third quarter valued at approximately $25,554,000.

Vanguard Mega Cap Value ETF Company Profile

Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index.