Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Hits New 1-Year High – Still a Buy?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $393.46 and last traded at $390.64, with a volume of 277966 shares trading hands. The stock had previously closed at $390.61.

Vanguard Mega Cap Growth ETF Stock Performance

The firm has a market capitalization of $29.28 billion, a PE ratio of 37.33 and a beta of 1.11. The firm has a fifty day moving average of $380.95 and a 200 day moving average of $346.11.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

Several hedge funds have recently modified their holdings of MGK. Dogwood Wealth Management LLC acquired a new stake in Vanguard Mega Cap Growth ETF during the 2nd quarter valued at approximately $27,000. Harbor Asset Planning Inc. acquired a new stake in Vanguard Mega Cap Growth ETF during the 2nd quarter valued at approximately $28,000. Atlantic Union Bankshares Corp acquired a new stake in Vanguard Mega Cap Growth ETF during the 2nd quarter valued at approximately $30,000. Redmont Wealth Advisors LLC acquired a new stake in Vanguard Mega Cap Growth ETF during the 1st quarter valued at approximately $32,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Vanguard Mega Cap Growth ETF during the 1st quarter valued at approximately $32,000.

Vanguard Mega Cap Growth ETF Company Profile

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.