Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Hits New 52-Week High at $317.81

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $317.81 and last traded at $317.49, with a volume of 50790 shares trading hands. The stock had previously closed at $316.46.

Vanguard Mega Cap Growth ETF Stock Performance

The firm’s 50 day moving average is $295.30 and its 200-day moving average is $281.43. The stock has a market capitalization of $20.80 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28.

Hedge Funds Weigh In On Vanguard Mega Cap Growth ETF

A number of large investors have recently added to or reduced their stakes in MGK. YHB Investment Advisors Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the first quarter valued at about $29,000. AdvisorNet Financial Inc purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $30,000. Global Wealth Strategies & Associates purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the first quarter valued at about $30,000. Scarborough Advisors LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $32,000. Finally, Criterion Capital Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF during the fourth quarter worth about $37,000.

Vanguard Mega Cap Growth ETF Company Profile

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.