Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Hits New 52-Week High at $124.31

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s share price reached a new 52-week high on Thursday . The stock traded as high as $124.31 and last traded at $124.11, with a volume of 61073 shares traded. The stock had previously closed at $123.59.

Vanguard Mega Cap Value ETF Stock Performance

The stock has a 50-day moving average of $119.03 and a two-hundred day moving average of $115.84. The company has a market cap of $7.61 billion, a P/E ratio of 18.88 and a beta of 0.66.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

Several large investors have recently modified their holdings of MGV. Assetmark Inc. lifted its position in Vanguard Mega Cap Value ETF by 4.9% in the 4th quarter. Assetmark Inc. now owns 12,198,218 shares of the company’s stock valued at $1,334,119,000 after acquiring an additional 572,217 shares in the last quarter. Lincoln National Corp boosted its stake in shares of Vanguard Mega Cap Value ETF by 2.9% during the 4th quarter. Lincoln National Corp now owns 1,982,185 shares of the company’s stock worth $216,792,000 after acquiring an additional 56,327 shares during the last quarter. UBS Group AG boosted its stake in shares of Vanguard Mega Cap Value ETF by 2.6% during the 4th quarter. UBS Group AG now owns 1,809,070 shares of the company’s stock worth $197,858,000 after acquiring an additional 46,398 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Vanguard Mega Cap Value ETF by 6.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 635,796 shares of the company’s stock valued at $75,342,000 after acquiring an additional 39,828 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Vanguard Mega Cap Value ETF by 4.6% in the 4th quarter. Wells Fargo & Company MN now owns 552,615 shares of the company’s stock worth $60,440,000 after purchasing an additional 24,192 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.