Vanguard Mega Cap Value Index Fund ETF Shares (NYSEARCA:MGV) shares reached a new 52-week high on Tuesday . The company traded as high as $89.50 and last traded at $89.50, with a volume of 801 shares trading hands. The stock had previously closed at $89.38.

The stock’s 50 day simple moving average is $86.50 and its two-hundred day simple moving average is $79.84.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in Vanguard Mega Cap Value Index Fund ETF Shares by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 2,435,017 shares of the company’s stock valued at $178,291,000 after acquiring an additional 12,350 shares during the last quarter. Raymond James & Associates increased its position in shares of Vanguard Mega Cap Value Index Fund ETF Shares by 6.1% in the third quarter. Raymond James & Associates now owns 352,668 shares of the company’s stock valued at $27,050,000 after acquiring an additional 20,367 shares during the period. Wells Fargo & Company MN increased its position in shares of Vanguard Mega Cap Value Index Fund ETF Shares by 2.9% in the third quarter. Wells Fargo & Company MN now owns 289,977 shares of the company’s stock valued at $22,241,000 after acquiring an additional 8,036 shares during the period. Black Diamond Financial LLC increased its position in shares of Vanguard Mega Cap Value Index Fund ETF Shares by 17.6% in the third quarter. Black Diamond Financial LLC now owns 217,854 shares of the company’s stock valued at $16,709,000 after acquiring an additional 32,632 shares during the period. Finally, BHK Investment Advisors LLC increased its position in shares of Vanguard Mega Cap Value Index Fund ETF Shares by 13.5% in the third quarter. BHK Investment Advisors LLC now owns 210,241 shares of the company’s stock valued at $16,126,000 after acquiring an additional 25,087 shares during the period.

About Vanguard Mega Cap Value Index Fund ETF Shares (NYSEARCA:MGV)

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.

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