Vanguard Mega Cap ETF (NYSEARCA:MGC) Hits New 1-Year High – Here’s What Happened

Vanguard Mega Cap ETF (NYSEARCA:MGC) shares hit a new 52-week high on Friday . The company traded as high as $216.46 and last traded at $216.38, with a volume of 8782 shares trading hands. The stock had previously closed at $215.02.

Vanguard Mega Cap ETF Stock Performance

The stock’s fifty day simple moving average is $209.64 and its two-hundred day simple moving average is $201.16. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MGC. Virtu Financial LLC acquired a new position in Vanguard Mega Cap ETF during the 1st quarter worth $773,000. Cetera Investment Advisers grew its holdings in Vanguard Mega Cap ETF by 549.2% during the 1st quarter. Cetera Investment Advisers now owns 79,497 shares of the company’s stock worth $14,856,000 after acquiring an additional 67,252 shares in the last quarter. Cetera Advisors LLC grew its holdings in Vanguard Mega Cap ETF by 88.1% during the 1st quarter. Cetera Advisors LLC now owns 7,899 shares of the company’s stock worth $1,476,000 after acquiring an additional 3,699 shares in the last quarter. Jackson Wealth Management LLC grew its holdings in Vanguard Mega Cap ETF by 1.0% during the 1st quarter. Jackson Wealth Management LLC now owns 18,715 shares of the company’s stock worth $3,497,000 after acquiring an additional 187 shares in the last quarter. Finally, Cape Investment Advisory Inc. acquired a new position in Vanguard Mega Cap ETF during the 1st quarter worth $97,000.

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.