Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 12-Month High – Here’s Why

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $255.79 and last traded at $255.77, with a volume of 88363 shares traded. The stock had previously closed at $253.24.

Vanguard Mega Cap ETF Stock Performance

The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. The company has a 50-day moving average price of $245.09 and a 200-day moving average price of $248.09.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Several institutional investors have recently modified their holdings of MGC. Rockefeller Capital Management L.P. grew its position in shares of Vanguard Mega Cap ETF by 20.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 151,253 shares of the company’s stock valued at $37,990,000 after purchasing an additional 25,550 shares during the period. World Investment Advisors grew its position in shares of Vanguard Mega Cap ETF by 127.0% in the 4th quarter. World Investment Advisors now owns 7,326 shares of the company’s stock valued at $1,840,000 after purchasing an additional 4,098 shares during the period. Corient Private Wealth LLC grew its position in shares of Vanguard Mega Cap ETF by 12.8% in the 4th quarter. Corient Private Wealth LLC now owns 3,331 shares of the company’s stock valued at $837,000 after purchasing an additional 378 shares during the period. Union Savings Bank acquired a new position in shares of Vanguard Mega Cap ETF in the 4th quarter valued at approximately $584,000. Finally, SHP Wealth Management acquired a new position in shares of Vanguard Mega Cap ETF in the 4th quarter valued at approximately $68,000.

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.