Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 52-Week High – Time to Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $156.68 and last traded at $156.68, with a volume of 4563 shares. The stock had previously closed at $155.32.

Vanguard Mega Cap Value ETF Stock Performance

The company has a 50 day simple moving average of $149.37 and a 200 day simple moving average of $146.30. The company has a market capitalization 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 boosted its holdings in shares of 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 purchasing an additional 1,662 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of 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 purchasing an additional 192 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of 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 purchasing an additional 570 shares during the last quarter. HUB Investment Partners LLC boosted its holdings in shares of 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 purchasing an additional 214 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its holdings in shares of 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 purchasing an additional 1,880 shares during 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.