Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 52-Week High at $190.70

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $190.70 and last traded at $190.67, with a volume of 60096 shares trading hands. The stock had previously closed at $190.03.

Vanguard Mega Cap ETF Price Performance

The firm’s 50 day moving average is $184.66 and its 200 day moving average is $175.86. The company has a market cap of $5.45 billion, a PE ratio of 26.93 and a beta of 1.02.

Institutional Trading of Vanguard Mega Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MGC. Envestnet Asset Management Inc. lifted its stake in Vanguard Mega Cap ETF by 18.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 503,356 shares of the company’s stock valued at $85,208,000 after acquiring an additional 79,645 shares during the period. New York Life Investment Management LLC lifted its stake in Vanguard Mega Cap ETF by 14.3% during the 4th quarter. New York Life Investment Management LLC now owns 473,152 shares of the company’s stock valued at $80,095,000 after acquiring an additional 59,183 shares during the period. PNC Financial Services Group Inc. lifted its stake in Vanguard Mega Cap ETF by 2.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 437,600 shares of the company’s stock valued at $74,077,000 after acquiring an additional 10,276 shares during the period. Cadence Bank lifted its stake in Vanguard Mega Cap ETF by 0.7% during the 1st quarter. Cadence Bank now owns 425,246 shares of the company’s stock valued at $79,466,000 after acquiring an additional 3,101 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Vanguard Mega Cap ETF by 9.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 419,314 shares of the company’s stock valued at $63,729,000 after acquiring an additional 36,284 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.