Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 52-Week High – What’s Next?

Vanguard Mega Cap ETF (NYSEARCA:MGC) shares reached a new 52-week high on Tuesday . The stock traded as high as $255.60 and last traded at $255.10, with a volume of 58470 shares traded. The stock had previously closed at $254.66.

Vanguard Mega Cap ETF Trading Up 0.2%

The firm’s fifty day moving average price is $250.33 and its 200-day moving average price is $241.69. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Several large investors have recently modified their holdings of the business. Roble Belko & Company Inc lifted its holdings in shares of Vanguard Mega Cap ETF by 30.8% during the 4th quarter. Roble Belko & Company Inc now owns 3,973 shares of the company’s stock valued at $998,000 after purchasing an additional 935 shares in the last quarter. National Wealth Management Group LLC raised its holdings in Vanguard Mega Cap ETF by 2.6% during the 4th quarter. National Wealth Management Group LLC now owns 1,568 shares of the company’s stock worth $394,000 after buying an additional 40 shares during the period. Heartwood Wealth Advisors LLC lifted its stake in Vanguard Mega Cap ETF by 2.4% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 10,065 shares of the company’s stock valued at $2,528,000 after buying an additional 240 shares in the last quarter. Optivise Advisory Services LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 7.5% in the fourth quarter. Optivise Advisory Services LLC now owns 2,811 shares of the company’s stock valued at $706,000 after buying an additional 197 shares during the period. Finally, Certified Advisory Corp boosted its holdings in shares of Vanguard Mega Cap ETF by 5.0% in the fourth quarter. Certified Advisory Corp now owns 9,824 shares of the company’s stock valued at $2,468,000 after buying an additional 471 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.