Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 1-Year High – Time to Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $158.37 and last traded at $157.76, with a volume of 160605 shares changing hands. The stock had previously closed at $157.88.

Vanguard Mega Cap Value ETF Price Performance

The firm has a market capitalization of $12.28 billion, a PE ratio of 18.48 and a beta of 0.73. The company’s fifty day simple moving average is $150.21 and its 200-day simple moving average is $146.89.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors purchased a new position in shares of Vanguard Mega Cap Value ETF in the first quarter worth about $26,000. Tucker Asset Management LLC purchased a new position in shares of Vanguard Mega Cap Value ETF in the fourth quarter worth about $26,000. Cornerstone Planning Group LLC purchased a new position in shares of Vanguard Mega Cap Value ETF in the third quarter worth about $28,000. Root Financial Partners LLC purchased a new position in shares of Vanguard Mega Cap Value ETF in the third quarter worth about $29,000. Finally, Bay Harbor Wealth Management LLC purchased a new position in shares of Vanguard Mega Cap Value ETF in the fourth quarter worth about $33,000.

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.