Vanguard Mega Cap ETF (NYSEARCA:MGC) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Vanguard Mega Cap ETF (NYSEARCA:MGC) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $214.31 and traded as low as $212.24. Vanguard Mega Cap ETF shares last traded at $212.66, with a volume of 98,832 shares changing hands.

Vanguard Mega Cap ETF Stock Down 0.2 %

The firm has a market capitalization of $6.12 billion, a PE ratio of 26.93 and a beta of 1.02. The stock has a 50-day simple moving average of $214.40 and a 200-day simple moving average of $205.63.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Several institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought 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 during the second quarter worth $36,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the third quarter worth $41,000. International Assets Investment Management LLC bought a new position in shares of Vanguard Mega Cap ETF in the second quarter worth $71,000. Finally, Larson Financial Group LLC grew its position in shares of Vanguard Mega Cap ETF by 18.3% in the second quarter. Larson Financial Group LLC now owns 421 shares of the company’s stock valued at $83,000 after purchasing an additional 65 shares in the last quarter.

Vanguard Mega Cap ETF Company Profile

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.