Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Sets New 12-Month High – Still a Buy?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $92.41 and last traded at $92.5270, with a volume of 288972 shares trading hands. The stock had previously closed at $90.89.

Vanguard Mega Cap Growth ETF Trading Up 2.0%

The company has a market capitalization of $34.88 billion, a PE ratio of 37.33 and a beta of 1.24. The stock’s fifty day moving average is $88.77 and its two-hundred day moving average is $85.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MGK. Cassaday & Co Wealth Management LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 1.3% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 3,719,368 shares of the company’s stock worth $1,366,645,000 after purchasing an additional 48,165 shares during the period. LPL Financial LLC grew its holdings in Vanguard Mega Cap Growth ETF by 0.4% during the fourth quarter. LPL Financial LLC now owns 1,173,852 shares of the company’s stock valued at $484,531,000 after purchasing an additional 5,134 shares during the period. Angeles Wealth Management LLC grew its holdings in Vanguard Mega Cap Growth ETF by 402.4% during the second quarter. Angeles Wealth Management LLC now owns 2,869,561 shares of the company’s stock valued at $252,281,000 after purchasing an additional 2,298,377 shares during the period. PNC Financial Services Group Inc. increased its position in Vanguard Mega Cap Growth ETF by 2.7% in the first quarter. PNC Financial Services Group Inc. now owns 531,713 shares of the company’s stock worth $195,372,000 after buying an additional 14,064 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Vanguard Mega Cap Growth ETF by 1.3% in the fourth quarter. Cerity Partners LLC now owns 450,601 shares of the company’s stock worth $185,995,000 after buying an additional 5,668 shares during the last quarter.

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.