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

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) shares reached a new 52-week high on Wednesday . The stock traded as high as $164.40 and last traded at $163.00, with a volume of 291252 shares changing hands. The stock had previously closed at $163.09.

Vanguard Mega Cap Value ETF Stock Down 0.1%

The stock has a market capitalization of $12.68 billion, a P/E ratio of 18.48 and a beta of 0.73. The firm’s 50 day simple moving average is $154.24 and its two-hundred day simple moving average is $149.00.

Institutional Investors Weigh In On Vanguard Mega Cap Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. WNY Asset Management LLC bought a new stake in Vanguard Mega Cap Value ETF in the first quarter valued at $4,315,000. Bank of America Corp DE increased its stake in Vanguard Mega Cap Value ETF by 2.6% in the first quarter. Bank of America Corp DE now owns 4,639,212 shares of the company’s stock valued at $672,454,000 after purchasing an additional 117,605 shares in the last quarter. Graney & King LLC increased its stake in Vanguard Mega Cap Value ETF by 3.3% in the first quarter. Graney & King LLC now owns 174,183 shares of the company’s stock valued at $25,248,000 after purchasing an additional 5,611 shares in the last quarter. Centaurus Financial Inc. increased its stake in Vanguard Mega Cap Value ETF by 3.2% in the first quarter. Centaurus Financial Inc. now owns 38,627 shares of the company’s stock valued at $5,599,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Strategic Investment Advisors MI increased its stake in Vanguard Mega Cap Value ETF by 30.9% in the first quarter. Strategic Investment Advisors MI now owns 434,386 shares of the company’s stock valued at $63,013,000 after purchasing an additional 102,517 shares in 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.