Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Reaches New 12-Month High – What’s Next?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) hit a new 52-week high during trading on Monday . The company traded as high as $167.45 and last traded at $167.41, with a volume of 55283 shares trading hands. The stock had previously closed at $166.79.

Vanguard Mega Cap Value ETF Stock Performance

The firm has a 50 day moving average price of $162.66 and a two-hundred day moving average price of $154.64. The company has a market cap of $13.48 billion, a P/E ratio of 18.48 and a beta of 0.72.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

Several large investors have recently modified their holdings of the business. Tucker Asset Management LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF during the 4th quarter valued at approximately $26,000. Ascentis Independent Advisors purchased a new position in Vanguard Mega Cap Value ETF in the 1st quarter valued at approximately $26,000. Kentucky Trust Co purchased a new position in Vanguard Mega Cap Value ETF in the 2nd quarter valued at approximately $29,000. Bay Harbor Wealth Management LLC bought a new stake in Vanguard Mega Cap Value ETF during the 4th quarter valued at $33,000. Finally, Key Financial Inc raised its holdings in Vanguard Mega Cap Value ETF by 511.1% during the 4th quarter. Key Financial Inc now owns 275 shares of the company’s stock valued at $39,000 after acquiring an additional 230 shares during the period.

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.