Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Hits New 1-Year High at $124.58

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s share price reached a new 52-week high on Monday . The company traded as high as $124.58 and last traded at $124.58, with a volume of 131110 shares changing hands. The stock had previously closed at $123.80.

Vanguard Mega Cap Value ETF Price Performance

The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 18.88 and a beta of 0.66. The business’s fifty day moving average price is $120.37 and its 200-day moving average price is $117.67.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its stake in shares of Vanguard Mega Cap Value ETF by 3.2% in the 2nd quarter. NewEdge Advisors LLC now owns 12,086 shares of the company’s stock worth $1,432,000 after buying an additional 379 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Vanguard Mega Cap Value ETF by 59.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,743 shares of the company’s stock valued at $2,458,000 after purchasing an additional 7,707 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF during the 2nd quarter valued at $255,000. Bank of Montreal Can boosted its holdings in shares of Vanguard Mega Cap Value ETF by 2.3% in the 2nd quarter. Bank of Montreal Can now owns 7,660 shares of the company’s stock worth $917,000 after buying an additional 174 shares during the last quarter. Finally, Certified Advisory Corp raised its position in Vanguard Mega Cap Value ETF by 8.3% in the second quarter. Certified Advisory Corp now owns 2,464 shares of the company’s stock worth $292,000 after acquiring an additional 189 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.