Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Hits New 1-Year High – Still a Buy?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $330.79 and last traded at $329.88, with a volume of 248623 shares changing hands. The stock had previously closed at $329.55.

Vanguard Mega Cap Growth ETF Stock Up 0.1 %

The company has a market cap of $21.83 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. The stock has a 50 day simple moving average of $316.40 and a 200 day simple moving average of $304.91.

Institutional Trading of Vanguard Mega Cap Growth ETF

Large investors have recently bought and sold shares of the company. ODonnell Financial Services LLC grew its holdings in Vanguard Mega Cap Growth ETF by 2.3% during the 3rd quarter. ODonnell Financial Services LLC now owns 46,730 shares of the company’s stock valued at $15,045,000 after purchasing an additional 1,059 shares in the last quarter. RFP Financial Group LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 592.1% during the third quarter. RFP Financial Group LLC now owns 119,122 shares of the company’s stock valued at $38,351,000 after acquiring an additional 101,910 shares in the last quarter. Trilogy Capital Inc. increased its position in shares of Vanguard Mega Cap Growth ETF by 7.4% during the third quarter. Trilogy Capital Inc. now owns 730 shares of the company’s stock worth $235,000 after acquiring an additional 50 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Vanguard Mega Cap Growth ETF by 23.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 66,015 shares of the company’s stock worth $21,254,000 after acquiring an additional 12,655 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC boosted its holdings in Vanguard Mega Cap Growth ETF by 31.4% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,923 shares of the company’s stock valued at $941,000 after purchasing an additional 698 shares during the last quarter.

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.