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

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

Vanguard Mega Cap Value ETF Stock Performance

The firm’s 50 day moving average price is $125.73 and its two-hundred day moving average price is $121.10. The company has a market cap of $8.05 billion, a P/E ratio of 18.88 and a beta of 0.66.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

Several institutional investors have recently modified their holdings of MGV. LPL Financial LLC boosted its position in shares of Vanguard Mega Cap Value ETF by 53.1% during the 2nd quarter. LPL Financial LLC now owns 1,005,969 shares of the company’s stock valued at $119,207,000 after acquiring an additional 348,936 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Vanguard Mega Cap Value ETF by 6.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 635,796 shares of the company’s stock valued at $75,342,000 after buying an additional 39,828 shares during the last quarter. Black Diamond Financial LLC grew its stake in shares of Vanguard Mega Cap Value ETF by 8.7% in the second quarter. Black Diamond Financial LLC now owns 616,892 shares of the company’s stock worth $73,102,000 after purchasing an additional 49,297 shares during the last quarter. Raymond James & Associates increased its stake in shares of Vanguard Mega Cap Value ETF by 2.9% during the second quarter. Raymond James & Associates now owns 506,821 shares of the company’s stock valued at $60,058,000 after buying an additional 14,355 shares during the period. Finally, Means Investment CO. Inc. lifted its position in shares of Vanguard Mega Cap Value ETF by 7.5% in the 2nd quarter. Means Investment CO. Inc. now owns 477,157 shares of the company’s stock worth $56,543,000 after purchasing an additional 33,224 shares during the period.

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.