Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Reaches New 1-Year High – Still a Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $160.56 and last traded at $160.38, with a volume of 262577 shares changing hands. The stock had previously closed at $157.83.

Vanguard Mega Cap Value ETF Stock Up 2.0%

The company’s fifty day simple moving average is $152.89 and its two-hundred day simple moving average is $148.33. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 18.48 and a beta of 0.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MGV. Valmark Advisers Inc. increased its holdings in shares of Vanguard Mega Cap Value ETF by 2.9% in the fourth quarter. Valmark Advisers Inc. now owns 2,447 shares of the company’s stock worth $345,000 after acquiring an additional 69 shares in the last quarter. CVA Family Office LLC lifted its holdings in shares of Vanguard Mega Cap Value ETF by 0.3% during the 4th quarter. CVA Family Office LLC now owns 28,166 shares of the company’s stock valued at $3,976,000 after purchasing an additional 74 shares in the last quarter. Cvfg LLC grew its position in shares of Vanguard Mega Cap Value ETF by 3.5% in the 3rd quarter. Cvfg LLC now owns 2,220 shares of the company’s stock valued at $306,000 after purchasing an additional 75 shares during the period. Wealthcare Capital Partners LLC grew its position in shares of Vanguard Mega Cap Value ETF by 0.4% in the 4th quarter. Wealthcare Capital Partners LLC now owns 17,683 shares of the company’s stock valued at $2,496,000 after purchasing an additional 76 shares during the period. Finally, Encompass Wealth Advisors LLC increased its stake in Vanguard Mega Cap Value ETF by 0.3% during the 4th quarter. Encompass Wealth Advisors LLC now owns 29,028 shares of the company’s stock worth $4,098,000 after purchasing an additional 80 shares in 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.