Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 52-Week High – Time to Buy?
by Jessica Moore · The Cerbat GemVanguard Mega Cap Value ETF (NYSEARCA:MGV – Get Free Report)’s share price hit a new 52-week high on Friday . The stock traded as high as $156.68 and last traded at $156.68, with a volume of 4563 shares trading hands. The stock had previously closed at $155.32.
Vanguard Mega Cap Value ETF Stock Performance
The company has a 50 day moving average of $149.37 and a two-hundred day moving average of $146.30. The stock has a market cap of $12.20 billion, a PE ratio of 18.48 and a beta of 0.73.
Institutional Investors Weigh In On Vanguard Mega Cap Value ETF
Several large investors have recently bought and sold shares of MGV. Focus Partners Wealth increased its stake in Vanguard Mega Cap Value ETF by 18.2% during the 1st quarter. Focus Partners Wealth now owns 10,769 shares of the company’s stock worth $1,387,000 after buying an additional 1,662 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Vanguard Mega Cap Value ETF by 5.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,063 shares of the company’s stock worth $533,000 after buying an additional 192 shares in the last quarter. NewEdge Advisors LLC increased its stake in Vanguard Mega Cap Value ETF by 4.9% during the 2nd quarter. NewEdge Advisors LLC now owns 12,167 shares of the company’s stock worth $1,596,000 after buying an additional 570 shares in the last quarter. HUB Investment Partners LLC increased its stake in Vanguard Mega Cap Value ETF by 7.9% during the 2nd quarter. HUB Investment Partners LLC now owns 2,906 shares of the company’s stock worth $381,000 after buying an additional 214 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its stake in Vanguard Mega Cap Value ETF by 13.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 15,656 shares of the company’s stock worth $2,073,000 after buying an additional 1,880 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.