Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Reaches New 1-Year High – Here’s Why

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) hit a new 52-week high on Wednesday . The stock traded as high as $153.56 and last traded at $152.9190, with a volume of 37135 shares trading hands. The stock had previously closed at $152.45.

Vanguard Mega Cap Value ETF Stock Performance

The firm has a market cap of $11.68 billion, a P/E ratio of 18.48 and a beta of 0.80. The firm has a 50 day simple moving average of $144.70 and a 200 day simple moving average of $139.15.

Institutional Trading of Vanguard Mega Cap Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. raised its holdings in shares of Vanguard Mega Cap Value ETF by 2.1% in the 4th quarter. Assetmark Inc. now owns 15,430,686 shares of the company’s stock valued at $2,178,196,000 after acquiring an additional 312,445 shares in the last quarter. Bank of America Corp DE raised its position in shares of Vanguard Mega Cap Value ETF by 7.9% during the 2nd quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock valued at $575,265,000 after buying an additional 319,194 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Vanguard Mega Cap Value ETF by 17.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,042,106 shares of the company’s stock valued at $281,261,000 after buying an additional 298,993 shares in the last quarter. UBS Group AG lifted its holdings in shares of Vanguard Mega Cap Value ETF by 2.6% during the 4th quarter. UBS Group AG now owns 1,799,402 shares of the company’s stock worth $254,004,000 after acquiring an additional 45,410 shares during the last quarter. Finally, Merit Financial Group LLC grew its position in Vanguard Mega Cap Value ETF by 51.7% in the fourth quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock worth $178,111,000 after acquiring an additional 429,853 shares in the last quarter.

About Vanguard Mega Cap Value ETF

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.