Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) saw strong trading volume on Thursday . 1,019,576 shares traded hands during trading, an increase of 197% from the previous session’s volume of 343,089 shares.The stock last traded at $340.60 and had previously closed at $340.34.

Vanguard Mega Cap Growth ETF Stock Performance

The stock has a fifty day simple moving average of $323.93 and a two-hundred day simple moving average of $311.47. The stock has a market capitalization of $21.91 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

A number of hedge funds have recently added to or reduced their stakes in MGK. Captrust Financial Advisors grew its position in shares of Vanguard Mega Cap Growth ETF by 756.3% during the 3rd quarter. Captrust Financial Advisors now owns 1,594,858 shares of the company’s stock worth $513,465,000 after buying an additional 1,408,609 shares during the period. World Investment Advisors LLC grew its holdings in Vanguard Mega Cap Growth ETF by 36,249.8% in the third quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock worth $204,331,000 after purchasing an additional 632,921 shares during the period. Angeles Investment Advisors LLC increased its stake in Vanguard Mega Cap Growth ETF by 105.4% in the second quarter. Angeles Investment Advisors LLC now owns 887,190 shares of the company’s stock valued at $278,764,000 after purchasing an additional 455,250 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 4,572.4% during the second quarter. Prime Capital Investment Advisors LLC now owns 295,760 shares of the company’s stock valued at $92,931,000 after purchasing an additional 289,430 shares during the period. Finally, Comerica Bank boosted its position in shares of Vanguard Mega Cap Growth ETF by 325.4% during the 2nd quarter. Comerica Bank now owns 359,241 shares of the company’s stock worth $112,877,000 after purchasing an additional 274,801 shares in the last quarter.

Vanguard Mega Cap Growth ETF Company Profile

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.