Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Hits New 1-Year High – Here’s Why

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $166.13 and last traded at $166.13, with a volume of 67622 shares traded. The stock had previously closed at $163.88.

Vanguard Mega Cap Value ETF Trading Down 0.2%

The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72. The stock has a 50-day moving average of $162.30 and a two-hundred day moving average of $154.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kentucky Trust Co purchased a new position in shares of Vanguard Mega Cap Value ETF in the second quarter worth approximately $29,000. Wealthcare Advisory Partners LLC boosted its stake in Vanguard Mega Cap Value ETF by 3.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 154,959 shares of the company’s stock worth $25,328,000 after purchasing an additional 5,774 shares during the period. Focus Financial Network Inc. grew its position in Vanguard Mega Cap Value ETF by 147.6% during the 2nd quarter. Focus Financial Network Inc. now owns 14,587 shares of the company’s stock worth $2,384,000 after purchasing an additional 8,695 shares in the last quarter. Breakwater Capital Group grew its position in Vanguard Mega Cap Value ETF by 1.6% during the 2nd quarter. Breakwater Capital Group now owns 158,867 shares of the company’s stock worth $25,967,000 after purchasing an additional 2,476 shares in the last quarter. Finally, Crumly & Associates Inc. raised its stake in Vanguard Mega Cap Value ETF by 7.5% during the 2nd quarter. Crumly & Associates Inc. now owns 76,747 shares of the company’s stock valued at $12,544,000 after purchasing an additional 5,382 shares during the period.

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.