Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 12-Month High – Here’s What Happened

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $216.46 and last traded at $216.38, with a volume of 8782 shares trading hands. The stock had previously closed at $215.02.

Vanguard Mega Cap ETF Stock Performance

The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The business’s 50 day moving average is $209.86 and its 200-day moving average is $201.46.

Institutional Trading of Vanguard Mega Cap ETF

Several institutional investors have recently modified their holdings of MGC. New York Life Investment Management LLC increased its position in shares of Vanguard Mega Cap ETF by 9.8% during the second quarter. New York Life Investment Management LLC now owns 601,732 shares of the company’s stock worth $118,716,000 after purchasing an additional 53,817 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in shares of Vanguard Mega Cap ETF by 5.7% during the third quarter. Leavell Investment Management Inc. now owns 455,028 shares of the company’s stock worth $94,027,000 after buying an additional 24,393 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Vanguard Mega Cap ETF by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 443,796 shares of the company’s stock valued at $87,556,000 after buying an additional 3,073 shares during the last quarter. Apella Capital LLC lifted its stake in shares of Vanguard Mega Cap ETF by 14.8% in the third quarter. Apella Capital LLC now owns 441,217 shares of the company’s stock worth $90,220,000 after buying an additional 56,991 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Vanguard Mega Cap ETF by 6.0% during the second quarter. LPL Financial LLC now owns 371,148 shares of the company’s stock worth $73,224,000 after acquiring an additional 21,026 shares during 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.