Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Reaches New 1-Year High – Time to Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $164.40 and last traded at $163.00, with a volume of 291252 shares changing hands. The stock had previously closed at $163.09.

Vanguard Mega Cap Value ETF Trading Down 0.1%

The stock’s 50-day simple moving average is $154.24 and its 200-day simple moving average is $149.00. The stock has a market cap of $12.68 billion, a price-to-earnings ratio of 18.48 and a beta of 0.73.

Institutional Trading of Vanguard Mega Cap Value ETF

Several large investors have recently made changes to their positions in MGV. Tucker Asset Management LLC acquired a new stake in Vanguard Mega Cap Value ETF in the fourth quarter valued at approximately $26,000. Ascentis Independent Advisors acquired a new stake in Vanguard Mega Cap Value ETF in the first quarter valued at approximately $26,000. Bay Harbor Wealth Management LLC acquired a new stake in Vanguard Mega Cap Value ETF in the fourth quarter valued at approximately $33,000. Nemes Rush Group LLC acquired a new stake in Vanguard Mega Cap Value ETF in the third quarter valued at approximately $34,000. Finally, Financial Life Planners acquired a new stake in Vanguard Mega Cap Value ETF in the third quarter valued at approximately $37,000.

About Vanguard Mega Cap Value ETF

Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.