Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 52-Week High – Time to Buy?

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s share price reached a new 52-week high on Thursday . The company traded as high as $219.31 and last traded at $219.31, with a volume of 4004 shares traded. The stock had previously closed at $219.22.

Vanguard Mega Cap ETF Trading Down 0.1 %

The firm has a 50 day simple moving average of $210.59 and a two-hundred day simple moving average of $202.06. The company has a market capitalization of $6.31 billion, a PE ratio of 26.93 and a beta of 1.02.

Institutional Trading of Vanguard Mega Cap ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. PFG Private Wealth Management LLC acquired a new stake in Vanguard Mega Cap ETF in the second quarter valued at about $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Vanguard Mega Cap ETF in the third quarter valued at approximately $33,000. Hershey Financial Advisers LLC purchased a new stake in shares of Vanguard Mega Cap ETF in the second quarter valued at approximately $36,000. Future Financial Wealth Managment LLC acquired a new position in Vanguard Mega Cap ETF during the third quarter worth $41,000. Finally, International Assets Investment Management LLC purchased a new position in Vanguard Mega Cap ETF in the second quarter worth $71,000.

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.