Vanguard Mega Cap ETF (NYSEARCA:MGC) Reaches New 1-Year High – What’s Next?

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s stock price reached a new 52-week high on Monday . The company traded as high as $285.71 and last traded at $286.0860, with a volume of 40642 shares. The stock had previously closed at $281.72.

Vanguard Mega Cap ETF Stock Up 1.5%

The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02. The stock’s fifty day moving average price is $278.58 and its 200-day moving average price is $267.07.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC lifted its position in Vanguard Mega Cap ETF by 6.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,647 shares of the company’s stock worth $998,000 after buying an additional 236 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Vanguard Mega Cap ETF by 172.4% in the second quarter. NewEdge Advisors LLC now owns 30,685 shares of the company’s stock valued at $8,397,000 after acquiring an additional 19,419 shares during the last quarter. Allworth Financial LP increased its position in shares of Vanguard Mega Cap ETF by 8.3% in the second quarter. Allworth Financial LP now owns 5,246 shares of the company’s stock valued at $1,436,000 after acquiring an additional 402 shares during the last quarter. Waverly Advisors LLC raised its holdings in Vanguard Mega Cap ETF by 26.7% during the second quarter. Waverly Advisors LLC now owns 1,425 shares of the company’s stock worth $390,000 after acquiring an additional 300 shares in the last quarter. Finally, Corient Private Wealth LP raised its holdings in Vanguard Mega Cap ETF by 28.0% during the second quarter. Corient Private Wealth LP now owns 4,156 shares of the company’s stock worth $1,137,000 after acquiring an additional 909 shares in the last quarter.

About Vanguard Mega Cap ETF

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.