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

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $343.36 and last traded at $343.29, with a volume of 54712 shares. The stock had previously closed at $340.02.

Vanguard Mega Cap Growth ETF Stock Performance

The firm’s fifty day simple moving average is $329.17 and its 200 day simple moving average is $316.01. The stock has a market capitalization of $22.83 billion, a P/E ratio of 42.92 and a beta of 1.28.

Hedge Funds Weigh In On Vanguard Mega Cap Growth ETF

A number of institutional investors have recently modified their holdings of the business. PSI Advisors LLC acquired a new position in Vanguard Mega Cap Growth ETF during the second quarter worth about $25,000. Rothschild Investment LLC acquired a new position in Vanguard Mega Cap Growth ETF during the 2nd quarter worth approximately $31,000. Peterson Financial Group Inc. bought a new position in Vanguard Mega Cap Growth ETF in the 3rd quarter valued at approximately $33,000. Trifecta Capital Advisors LLC acquired a new stake in Vanguard Mega Cap Growth ETF in the second quarter valued at approximately $45,000. Finally, Bfsg LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 386.7% during the third quarter. Bfsg LLC now owns 146 shares of the company’s stock worth $47,000 after buying an additional 116 shares during the last quarter.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.