Vanguard Mega Cap ETF (NYSEARCA:MGC) Reaches New 1-Year High – What’s Next?

Vanguard Mega Cap ETF (NYSEARCA:MGC) hit a new 52-week high on Wednesday . The stock traded as high as $211.86 and last traded at $211.86, with a volume of 646 shares trading hands. The stock had previously closed at $207.61.

Vanguard Mega Cap ETF Trading Up 2.5 %

The company’s 50-day moving average is $205.00 and its two-hundred day moving average is $197.63. The firm has a market cap of $6.14 billion, a P/E ratio of 26.93 and a beta of 1.02.

Institutional Trading of Vanguard Mega Cap ETF

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

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.