Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 1-Year High at $120.55

Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) hit a new 52-week high on Monday . The company traded as high as $120.55 and last traded at $120.49, with a volume of 31176 shares trading hands. The stock had previously closed at $119.57.

Vanguard Mega Cap Value ETF Price Performance

The business has a fifty day moving average price of $117.73 and a two-hundred day moving average price of $114.65. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 18.88 and a beta of 0.66.

Institutional Trading of Vanguard Mega Cap Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MGV. Assetmark Inc. grew its holdings in Vanguard Mega Cap Value ETF by 4.9% during the fourth quarter. Assetmark Inc. now owns 12,198,218 shares of the company’s stock worth $1,334,119,000 after acquiring an additional 572,217 shares during the period. Morgan Stanley grew its holdings in Vanguard Mega Cap Value ETF by 7.6% during the third quarter. Morgan Stanley now owns 2,656,447 shares of the company’s stock worth $269,364,000 after acquiring an additional 186,705 shares during the period. Harbour Investments Inc. boosted its position in Vanguard Mega Cap Value ETF by 6,023.8% during the fourth quarter. Harbour Investments Inc. now owns 154,810 shares of the company’s stock worth $16,932,000 after purchasing an additional 152,282 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Vanguard Mega Cap Value ETF by 13.0% during the third quarter. Ameriprise Financial Inc. now owns 872,199 shares of the company’s stock worth $88,431,000 after purchasing an additional 100,204 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Vanguard Mega Cap Value ETF during the fourth quarter worth approximately $9,580,000.

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.