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

Vanguard Mega Cap ETF (NYSEARCA:MGC) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $267.05 and last traded at $267.05, with a volume of 8355 shares trading hands. The stock had previously closed at $264.90.

Vanguard Mega Cap ETF Price Performance

The company has a market cap of $9.60 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. The firm’s fifty day moving average price is $247.68 and its 200-day moving average price is $249.50.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

A number of institutional investors and hedge funds have recently bought and sold shares of MGC. Envestnet Asset Management Inc. increased its position in shares of Vanguard Mega Cap ETF by 99.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,720,955 shares of the company’s stock valued at $420,068,000 after purchasing an additional 857,073 shares during the period. Orion Porfolio Solutions LLC boosted its stake in Vanguard Mega Cap ETF by 577.3% during the second quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock valued at $235,127,000 after buying an additional 891,030 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in Vanguard Mega Cap ETF by 23.4% in the 3rd quarter. New York Life Investment Management LLC now owns 711,400 shares of the company’s stock valued at $173,646,000 after acquiring an additional 134,789 shares during the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in Vanguard Mega Cap ETF in the 3rd quarter valued at about $161,189,000. Finally, Morgan Stanley lifted its holdings in Vanguard Mega Cap ETF by 3.1% in the 4th quarter. Morgan Stanley now owns 594,721 shares of the company’s stock valued at $149,376,000 after acquiring an additional 17,646 shares during the last quarter.

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.