Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 1-Year High – Here’s What Happened

Vanguard Mega Cap ETF (NYSEARCA:MGC) hit a new 52-week high during trading on Wednesday . The company traded as high as $207.25 and last traded at $207.19, with a volume of 16630 shares traded. The stock had previously closed at $206.46.

Vanguard Mega Cap ETF Stock Performance

The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The business’s 50 day moving average price is $200.10 and its 200 day moving average price is $194.18.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. New York Life Investment Management LLC grew its stake in Vanguard Mega Cap ETF by 9.8% in the 2nd quarter. New York Life Investment Management LLC now owns 601,732 shares of the company’s stock valued at $118,716,000 after acquiring an additional 53,817 shares during the period. Envestnet Asset Management Inc. grew its stake in Vanguard Mega Cap ETF by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 443,796 shares of the company’s stock valued at $87,556,000 after acquiring an additional 3,073 shares during the period. Apella Capital LLC grew its stake in Vanguard Mega Cap ETF by 14.8% in the 3rd quarter. Apella Capital LLC now owns 441,217 shares of the company’s stock valued at $90,220,000 after acquiring an additional 56,991 shares during the period. Leavell Investment Management Inc. grew its stake in Vanguard Mega Cap ETF by 3.6% in the 2nd quarter. Leavell Investment Management Inc. now owns 430,635 shares of the company’s stock valued at $85,225,000 after acquiring an additional 15,031 shares during the period. Finally, Cadence Bank grew its stake in Vanguard Mega Cap ETF by 0.7% in the 1st quarter. Cadence Bank now owns 425,246 shares of the company’s stock valued at $79,466,000 after acquiring an additional 3,101 shares during the period.

Vanguard Mega Cap ETF Company Profile

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.