Vanguard Mega Cap ETF (NYSEARCA:MGC) Reaches New 12-Month High – Still a Buy?

Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $285.71 and last traded at $286.0860, with a volume of 40642 shares. The stock had previously closed at $281.72.

Vanguard Mega Cap ETF Trading Up 0.0%

The stock has a market cap of $10.53 billion, a PE ratio of 26.06 and a beta of 1.02. The business has a fifty day simple moving average of $279.05 and a two-hundred day simple moving average of $267.61.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of MGC. Bank of America Corp DE boosted its position in shares of Vanguard Mega Cap ETF by 0.4% in the 1st quarter. Bank of America Corp DE now owns 1,561,792 shares of the company’s stock worth $369,130,000 after purchasing an additional 5,869 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Vanguard Mega Cap ETF by 0.9% during the first quarter. PNC Financial Services Group Inc. now owns 437,692 shares of the company’s stock valued at $103,449,000 after buying an additional 4,105 shares during the last quarter. One Capital Management LLC grew its holdings in shares of Vanguard Mega Cap ETF by 3.9% during the fourth quarter. One Capital Management LLC now owns 175,968 shares of the company’s stock valued at $44,198,000 after buying an additional 6,645 shares during the last quarter. Ieq Capital LLC raised its holdings in Vanguard Mega Cap ETF by 0.4% in the 4th quarter. Ieq Capital LLC now owns 163,346 shares of the company’s stock worth $41,028,000 after acquiring an additional 699 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in Vanguard Mega Cap ETF by 20.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 151,253 shares of the company’s stock worth $37,990,000 after acquiring an additional 25,550 shares during the last quarter.

About Vanguard Mega Cap ETF

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.