Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 52-Week Low – Here’s What Happened

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $173.32 and last traded at $173.77, with a volume of 46468 shares trading hands. The stock had previously closed at $182.07.

Vanguard Mega Cap ETF Stock Performance

The business has a 50 day simple moving average of $207.87 and a 200-day simple moving average of $211.30. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 25.62 and a beta of 1.02.

Vanguard Mega Cap ETF Cuts Dividend

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

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Several large investors have recently modified their holdings of MGC. Wells Fargo & Company MN lifted 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 worth $117,826,000 after acquiring an additional 93,556 shares during the last quarter. New York Life Investment Management LLC raised its position in Vanguard Mega Cap ETF by 3.3% in the fourth quarter. New York Life Investment Management LLC now owns 536,666 shares of the company’s stock valued at $114,127,000 after purchasing an additional 17,030 shares during the period. Ameriprise Financial Inc. lifted its stake in Vanguard Mega Cap ETF by 3.8% during the fourth quarter. Ameriprise Financial Inc. now owns 528,405 shares of the company’s stock worth $112,315,000 after purchasing an additional 19,281 shares in the last quarter. Leavell Investment Management Inc. boosted its position in shares of Vanguard Mega Cap ETF by 3.3% during the fourth quarter. Leavell Investment Management Inc. now owns 470,036 shares of the company’s stock worth $99,958,000 after buying an additional 15,008 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Vanguard Mega Cap ETF by 13.5% during the fourth quarter. LPL Financial LLC now owns 429,445 shares of the company’s stock worth $91,326,000 after buying an additional 51,072 shares during the period.

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.