Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Reaches New 1-Year High – What’s Next?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $133.42 and last traded at $133.35, with a volume of 10860 shares trading hands. The stock had previously closed at $132.26.

Vanguard Mega Cap Value ETF Trading Up 0.1 %

The firm has a market capitalization of $8.24 billion, a P/E ratio of 18.88 and a beta of 0.66. The business has a 50 day moving average of $129.15 and a 200-day moving average of $124.01.

Institutional Investors Weigh In On Vanguard Mega Cap Value ETF

Several large investors have recently made changes to their positions in the stock. Assetmark Inc. lifted its position in Vanguard Mega Cap Value ETF by 4.1% in the 3rd quarter. Assetmark Inc. now owns 13,969,433 shares of the company’s stock valued at $1,791,999,000 after acquiring an additional 548,728 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the third quarter valued at about $59,884,000. LPL Financial LLC boosted its position in shares of Vanguard Mega Cap Value ETF by 53.1% during the second quarter. LPL Financial LLC now owns 1,005,969 shares of the company’s stock worth $119,207,000 after buying an additional 348,936 shares during the period. Strategic Financial Concepts LLC grew its holdings in shares of Vanguard Mega Cap Value ETF by 11,467.1% during the second quarter. Strategic Financial Concepts LLC now owns 240,132 shares of the company’s stock worth $28,456,000 after buying an additional 238,056 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new position in shares of Vanguard Mega Cap Value ETF during the third quarter worth about $25,554,000.

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.