Vanguard Mega Cap ETF (NYSEARCA:MGC) Hits New 12-Month High – Here’s What Happened

Vanguard Mega Cap ETF (NYSEARCA:MGCGet Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $285.29 and last traded at $285.25, with a volume of 5332 shares changing hands. The stock had previously closed at $283.06.

Vanguard Mega Cap ETF Stock Up 0.5%

The stock’s 50-day simple moving average is $273.87 and its 200 day simple moving average is $261.34. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Several large investors have recently made changes to their positions in the stock. Jane Street Group LLC raised its position in Vanguard Mega Cap ETF by 312.6% in the first quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock valued at $1,973,000 after purchasing an additional 7,424 shares during the period. Marshall Wace LLP acquired a new stake in shares of Vanguard Mega Cap ETF in the second quarter valued at $905,000. Raymond James Financial Inc. grew its stake in shares of Vanguard Mega Cap ETF by 31.8% in the second quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock valued at $90,241,000 after buying an additional 96,754 shares in the last quarter. Garden State Investment Advisory Services LLC raised its holdings in shares of Vanguard Mega Cap ETF by 12.4% in the 2nd quarter. Garden State Investment Advisory Services LLC now owns 1,364 shares of the company’s stock valued at $307,000 after buying an additional 150 shares during the period. Finally, IHT Wealth Management LLC raised its holdings in shares of Vanguard Mega Cap ETF by 1.8% in the 2nd quarter. IHT Wealth Management LLC now owns 5,744 shares of the company’s stock valued at $1,292,000 after buying an additional 100 shares during the period.

About Vanguard Mega Cap ETF

(Get Free Report)

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.

Further Reading

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