Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 52-Week High – Should You Buy?

Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) hit a new 52-week high during 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 Stock Up 0.4 %

The stock has a market capitalization of $8.23 billion, a P/E ratio of 18.88 and a beta of 0.66. The business has a 50-day simple moving average of $128.92 and a two-hundred day simple moving average of $123.80.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of MGV. International Assets Investment Management LLC acquired a new position in Vanguard Mega Cap Value ETF during the 2nd quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. bought 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 during the 2nd quarter worth $35,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at $36,000. Finally, CENTRAL TRUST Co bought a new stake in Vanguard Mega Cap Value ETF in the third quarter valued at about $40,000.

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.