Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 12-Month High – Time to Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) reached a new 52-week high during trading on Wednesday . The stock traded as high as $141.51 and last traded at $141.22, with a volume of 173524 shares trading hands. The stock had previously closed at $139.44.

Vanguard Mega Cap Value ETF Stock Down 0.1%

The company has a market cap of $10.56 billion, a P/E ratio of 18.48 and a beta of 0.80. The business has a 50-day moving average price of $138.46 and a two-hundred day moving average price of $134.59.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Proathlete Wealth Management LLC bought a new stake in shares of Vanguard Mega Cap Value ETF during the second quarter worth approximately $25,000. NorthRock Partners LLC boosted its stake in Vanguard Mega Cap Value ETF by 100.0% in the second quarter. NorthRock Partners LLC now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 94 shares during the last quarter. Cornerstone Planning Group LLC acquired a new stake in Vanguard Mega Cap Value ETF during the 3rd quarter worth $28,000. Kilter Group LLC bought a new stake in shares of Vanguard Mega Cap Value ETF during the 2nd quarter valued at $29,000. Finally, Root Financial Partners LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at $29,000.

About Vanguard Mega Cap Value ETF

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.