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

Vanguard Mega Cap ETF (NYSEARCA:MGC) shares reached a new 52-week high on Tuesday . The stock traded as high as $280.43 and last traded at $280.43, with a volume of 19686 shares traded. The stock had previously closed at $277.29.

Vanguard Mega Cap ETF Trading Up 2.0%

The stock has a fifty day moving average of $273.19 and a 200-day moving average of $259.81. The firm has a market capitalization of $10.34 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of Vanguard Mega Cap ETF by 0.4% in the first quarter. Bank of America Corp DE now owns 1,561,792 shares of the company’s stock worth $369,130,000 after acquiring an additional 5,869 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in Vanguard Mega Cap ETF by 577.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock worth $235,127,000 after purchasing an additional 891,030 shares during the period. Morgan Stanley grew its position in Vanguard Mega Cap ETF by 3.1% during the 4th quarter. Morgan Stanley now owns 594,721 shares of the company’s stock worth $149,376,000 after purchasing an additional 17,646 shares in the last quarter. Wells Fargo & Company MN raised its stake in Vanguard Mega Cap ETF by 3.8% during the 4th quarter. Wells Fargo & Company MN now owns 590,775 shares of the company’s stock valued at $148,385,000 after purchasing an additional 21,811 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Vanguard Mega Cap ETF by 3.4% in the third quarter. UBS Group AG now owns 493,819 shares of the company’s stock valued at $120,536,000 after purchasing an additional 16,121 shares in 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.