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

Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) hit a new 52-week high during mid-day trading 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 Up 0.3 %

The stock has a 50-day simple moving average of $211.12 and a 200 day simple moving average of $202.38. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MGC. Synovus Financial Corp lifted its stake in Vanguard Mega Cap ETF by 97.4% during the 3rd quarter. Synovus Financial Corp now owns 5,834 shares of the company’s stock valued at $1,206,000 after acquiring an additional 2,878 shares during the period. Destination Wealth Management lifted its position in Vanguard Mega Cap ETF by 3.7% during the third quarter. Destination Wealth Management now owns 43,706 shares of the company’s stock valued at $9,031,000 after purchasing an additional 1,546 shares during the period. Fulcrum Equity Management acquired a new position in Vanguard Mega Cap ETF during the third quarter valued at $247,000. Coldstream Capital Management Inc. boosted its holdings in Vanguard Mega Cap ETF by 11.7% in the third quarter. Coldstream Capital Management Inc. now owns 24,898 shares of the company’s stock valued at $5,145,000 after purchasing an additional 2,605 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc grew its position in Vanguard Mega Cap ETF by 32.5% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,514 shares of the company’s stock worth $313,000 after purchasing an additional 371 shares during the period.

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.