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

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $358.64 and last traded at $357.64, with a volume of 32002 shares trading hands. The stock had previously closed at $357.43.

Vanguard Mega Cap Growth ETF Price Performance

The stock has a market capitalization of $23.64 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. The firm’s fifty day moving average is $349.73 and its 200-day moving average is $332.10.

Institutional Trading of Vanguard Mega Cap Growth ETF

Institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its position in shares of Vanguard Mega Cap Growth ETF by 756.3% during the third quarter. Captrust Financial Advisors now owns 1,594,858 shares of the company’s stock worth $513,465,000 after acquiring an additional 1,408,609 shares during the last quarter. World Investment Advisors LLC grew its position in shares of Vanguard Mega Cap Growth ETF by 36,249.8% during the third quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock worth $204,331,000 after acquiring an additional 632,921 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Vanguard Mega Cap Growth ETF by 34,241.0% during the fourth quarter. Proficio Capital Partners LLC now owns 393,204 shares of the company’s stock worth $135,030,000 after acquiring an additional 392,059 shares during the last quarter. Assetmark Inc. lifted its stake in Vanguard Mega Cap Growth ETF by 3.8% during the third quarter. Assetmark Inc. now owns 7,453,268 shares of the company’s stock valued at $2,399,580,000 after buying an additional 271,905 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF in the fourth quarter worth approximately $82,803,000.

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.