Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Hits New 52-Week High – Should You Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) shares reached a new 52-week high on Wednesday . The stock traded as high as $153.56 and last traded at $152.9190, with a volume of 37135 shares changing hands. The stock had previously closed at $152.45.

Vanguard Mega Cap Value ETF Price Performance

The stock’s 50 day simple moving average is $144.70 and its two-hundred day simple moving average is $139.15. The stock has a market capitalization of $11.68 billion, a PE ratio of 18.48 and a beta of 0.80.

Institutional Trading of Vanguard Mega Cap Value ETF

Several hedge funds have recently made changes to their positions in the company. NorthRock Partners LLC raised its stake in Vanguard Mega Cap Value ETF by 100.0% in the 2nd quarter. NorthRock Partners LLC now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 94 shares during the period. Tucker Asset Management LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the fourth quarter valued at approximately $26,000. Cornerstone Planning Group LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the third quarter valued at approximately $28,000. Kilter Group LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF during the 2nd quarter valued at approximately $29,000. Finally, Root Financial Partners LLC bought a new position in Vanguard Mega Cap Value ETF in the 3rd quarter worth approximately $29,000.

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