Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sets New 1-Year High – Time to Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $150.82 and last traded at $150.25, with a volume of 461308 shares changing hands. The stock had previously closed at $149.60.

Vanguard Mega Cap Value ETF Trading Up 1.9%

The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 18.48 and a beta of 0.80. The firm’s 50-day moving average is $143.94 and its two-hundred day moving average is $138.64.

Institutional Trading of Vanguard Mega Cap Value ETF

Several large investors have recently made changes to their positions in the company. Addison Advisors LLC lifted its holdings in Vanguard Mega Cap Value ETF by 5.3% in the 4th quarter. Addison Advisors LLC now owns 4,700 shares of the company’s stock valued at $663,000 after purchasing an additional 235 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its position in shares of Vanguard Mega Cap Value ETF by 1.1% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 10,904 shares of the company’s stock valued at $1,539,000 after buying an additional 118 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Vanguard Mega Cap Value ETF by 4.0% in the fourth quarter. Global Retirement Partners LLC now owns 11,177 shares of the company’s stock worth $1,578,000 after buying an additional 427 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Vanguard Mega Cap Value ETF by 0.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,223,662 shares of the company’s stock worth $172,732,000 after acquiring an additional 3,314 shares during the last quarter. Finally, VSM Wealth Advisory LLC boosted its position in Vanguard Mega Cap Value ETF by 32.5% during the fourth quarter. VSM Wealth Advisory LLC now owns 11,783 shares of the company’s stock worth $1,663,000 after acquiring an additional 2,887 shares during the last quarter.

Vanguard Mega Cap Value ETF Company Profile

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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.