Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 52-Week High – Here’s Why

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $130.89 and last traded at $130.69, with a volume of 61591 shares changing hands. The stock had previously closed at $130.66.

Vanguard Mega Cap Value ETF Stock Down 0.6 %

The company has a market cap of $8.05 billion, a price-to-earnings ratio of 18.88 and a beta of 0.66. The stock’s 50-day simple moving average is $125.73 and its 200 day simple moving average is $121.10.

Institutional Trading of Vanguard Mega Cap Value ETF

Several institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF during the second quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vanguard Mega Cap Value ETF during the second quarter worth approximately $34,000. Redmont Wealth Advisors LLC acquired a new stake in Vanguard Mega Cap Value ETF in the second quarter valued at approximately $35,000. Massmutual Trust Co. FSB ADV purchased a new position in Vanguard Mega Cap Value ETF in the third quarter worth approximately $36,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in Vanguard Mega Cap Value ETF by 84.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 435 shares of the company’s stock worth $52,000 after acquiring an additional 199 shares in the last quarter.

Vanguard Mega Cap Value ETF Company Profile

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.