Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 1-Year High – Here’s What Happened

Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $169.85 and last traded at $169.83, with a volume of 256,698 shares changing hands. The stock had previously closed at $168.56.

Vanguard Mega Cap Value ETF Stock Performance

The stock has a market cap of $14.21 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72. The business has a fifty day simple moving average of $165.50 and a 200 day simple moving average of $157.53.

Institutional Investors Weigh In On Vanguard Mega Cap Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vise Technologies Inc. boosted its stake in Vanguard Mega Cap Value ETF by 266.9% during the third quarter. Vise Technologies Inc. now owns 6,963 shares of the company’s stock valued at $1,122,000 after buying an additional 5,065 shares in the last quarter. Marin Bay Wealth Advisors LLC boosted its position in shares of Vanguard Mega Cap Value ETF by 7.7% during the 3rd quarter. Marin Bay Wealth Advisors LLC now owns 4,855 shares of the company’s stock valued at $782,000 after purchasing an additional 348 shares in the last quarter. Modera Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter worth approximately $11,401,000. CFC Planning Co LLC raised its holdings in shares of Vanguard Mega Cap Value ETF by 3.4% in the 3rd quarter. CFC Planning Co LLC now owns 10,369 shares of the company’s stock worth $1,671,000 after purchasing an additional 345 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Vanguard Mega Cap Value ETF by 333.5% during the third quarter. International Assets Investment Management LLC now owns 20,000 shares of the company’s stock valued at $3,222,000 after purchasing an additional 15,386 shares during the last quarter.

Vanguard Mega Cap Value ETF Company Profile

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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.