Vanguard Mega Cap ETF (NYSEARCA:MGC) Reaches New 1-Year High – Should You Buy?

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $245.68 and last traded at $245.55, with a volume of 1239264 shares changing hands. The stock had previously closed at $244.14.

Vanguard Mega Cap ETF Stock Performance

The stock has a fifty day moving average price of $234.83 and a 200-day moving average price of $217.51. The firm has a market capitalization of $7.86 billion, a PE ratio of 26.06 and a beta of 1.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kilter Group LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the 2nd quarter worth $26,000. Harbor Investment Advisory LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the 2nd quarter worth $27,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the 2nd quarter worth $34,000. POM Investment Strategies LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the 1st quarter worth $52,000. Finally, NorthRock Partners LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the 1st quarter worth $56,000.

Vanguard Mega Cap ETF Company Profile

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.