Vanguard Mega Cap ETF (NYSEARCA:MGC) Sees Unusually-High Trading Volume – What’s Next?

Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) saw an uptick in trading volume on Tuesday . 178,028 shares were traded during trading, an increase of 103% from the previous session’s volume of 87,764 shares.The stock last traded at $200.24 and had previously closed at $201.38.

Vanguard Mega Cap ETF Price Performance

The stock has a market capitalization of $6.18 billion, a PE ratio of 25.62 and a beta of 1.02. The firm has a fifty day moving average price of $213.01 and a two-hundred day moving average price of $212.24.

Vanguard Mega Cap ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.5985 dividend. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Vanguard Mega Cap ETF during the fourth quarter valued at approximately $65,366,000. Brooklyn FI LLC boosted its position in Vanguard Mega Cap ETF by 6,290.5% during the 4th quarter. Brooklyn FI LLC now owns 161,424 shares of the company’s stock valued at $34,313,000 after acquiring an additional 158,898 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Vanguard Mega Cap ETF by 20.3% in the 4th quarter. Wells Fargo & Company MN now owns 554,056 shares of the company’s stock valued at $117,826,000 after acquiring an additional 93,556 shares during the period. VSM Wealth Advisory LLC bought a new position in shares of Vanguard Mega Cap ETF in the 4th quarter worth $15,010,000. Finally, Modera Wealth Management LLC raised its position in shares of Vanguard Mega Cap ETF by 5,628.7% in the 4th quarter. Modera Wealth Management LLC now owns 70,635 shares of the company’s stock worth $15,021,000 after acquiring an additional 69,402 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.