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

by · The Markets Daily

Vanguard Mega Cap Value ETF (NYSEARCA:MGV – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $147.39 and last traded at $147.05, with a volume of 635401 shares changing hands. The stock had previously closed at $144.96.

Vanguard Mega Cap Value ETF Trading Up 1.4%

The company has a market capitalization of $11.18 billion, a P/E ratio of 18.48 and a beta of 0.80. The business has a 50 day moving average price of $141.67 and a 200 day moving average price of $137.44.

Institutional Investors Weigh In On Vanguard Mega Cap Value ETF

Several large investors have recently bought and sold shares of MGV. NorthRock Partners LLC grew its holdings in shares of Vanguard Mega Cap Value ETF by 100.0% in the 2nd quarter. NorthRock Partners LLC now owns 188 shares of the company’s stock valued at $25,000 after buying an additional 94 shares during the period. Cornerstone Planning Group LLC bought a new position in Vanguard Mega Cap Value ETF during the third quarter worth about $28,000. Kilter Group LLC bought a new position in Vanguard Mega Cap Value ETF during the second quarter worth about $29,000. Root Financial Partners LLC acquired a new position in Vanguard Mega Cap Value ETF in the third quarter valued at about $29,000. Finally, Dynamic Wealth Strategies LLC acquired a new position in Vanguard Mega Cap Value ETF in the second quarter valued at about $30,000.

Vanguard Mega Cap Value ETF Company Profile

(Get Free Report)

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.

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