Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Hits New 12-Month High – Here’s Why

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $88.50 and last traded at $88.04, with a volume of 1812671 shares traded. The stock had previously closed at $88.12.

Vanguard Mega Cap Growth ETF Stock Performance

The firm has a market cap of $6.64 billion, a PE ratio of 37.33 and a beta of 1.23. The firm has a fifty day simple moving average of $78.81 and a two-hundred day simple moving average of $80.58.

Hedge Funds Weigh In On Vanguard Mega Cap Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. boosted its holdings in shares of Vanguard Mega Cap Growth ETF by 1.0% in the 4th quarter. Assetmark Inc. now owns 8,590,832 shares of the company’s stock worth $3,546,038,000 after purchasing an additional 87,636 shares during the period. Cassaday & Co Wealth Management LLC raised its position in Vanguard Mega Cap Growth ETF by 1.3% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 3,719,368 shares of the company’s stock valued at $1,366,645,000 after purchasing an additional 48,165 shares in the last quarter. Morgan Stanley raised its position in Vanguard Mega Cap Growth ETF by 11.7% during the 4th quarter. Morgan Stanley now owns 2,651,172 shares of the company’s stock valued at $1,094,325,000 after purchasing an additional 277,446 shares in the last quarter. Captrust Financial Advisors raised its position in Vanguard Mega Cap Growth ETF by 0.9% during the 2nd quarter. Captrust Financial Advisors now owns 1,668,738 shares of the company’s stock valued at $611,042,000 after purchasing an additional 15,432 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Vanguard Mega Cap Growth ETF by 0.4% in the 4th quarter. LPL Financial LLC now owns 1,173,852 shares of the company’s stock valued at $484,531,000 after acquiring an additional 5,134 shares during the period.

About Vanguard Mega Cap Growth ETF

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.