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 on Wednesday . The stock traded as high as $222.12 and last traded at $222.12, with a volume of 177037 shares traded. The stock had previously closed at $221.78.

Vanguard Mega Cap ETF Trading Up 0.2 %

The firm has a market capitalization of $6.40 billion, a P/E ratio of 26.93 and a beta of 1.02. The firm has a 50-day moving average of $217.01 and a two-hundred day moving average of $209.85.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Large investors have recently bought and sold shares of the company. Glen Eagle Advisors LLC increased its stake in shares of Vanguard Mega Cap ETF by 68.4% in the fourth quarter. Glen Eagle Advisors LLC now owns 426 shares of the company’s stock valued at $91,000 after buying an additional 173 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the fourth quarter valued at about $1,013,000. Waverly Advisors LLC acquired a new stake in Vanguard Mega Cap ETF during the fourth quarter worth approximately $204,000. Two Sigma Investments LP acquired a new stake in Vanguard Mega Cap ETF during the fourth quarter worth approximately $11,654,000. Finally, TrinityPoint Wealth LLC grew its stake in Vanguard Mega Cap ETF by 11.0% during the fourth quarter. TrinityPoint Wealth LLC now owns 1,097 shares of the company’s stock worth $233,000 after purchasing an additional 109 shares during the period.

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.