Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Sets New 1-Year High – Time to Buy?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) hit a new 52-week high during trading on Monday . The company traded as high as $353.11 and last traded at $350.63, with a volume of 330627 shares trading hands. The stock had previously closed at $352.70.

Vanguard Mega Cap Growth ETF Price Performance

The stock has a market cap of $23.57 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. The business has a fifty day moving average of $332.65 and a 200 day moving average of $318.39.

Institutional Trading of Vanguard Mega Cap Growth ETF

Hedge funds have recently added to or reduced their stakes in the business. PSI Advisors LLC bought a new stake in Vanguard Mega Cap Growth ETF in the second quarter valued at about $25,000. Rothschild Investment LLC bought a new position in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter worth approximately $31,000. Peterson Financial Group Inc. acquired a new stake in Vanguard Mega Cap Growth ETF in the 3rd quarter valued at $33,000. Copley Financial Group Inc. acquired a new position in Vanguard Mega Cap Growth ETF during the third quarter worth $33,000. Finally, Trifecta Capital Advisors LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the 2nd quarter valued at $45,000.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.