Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Reaches New 52-Week High – Time to Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $167.45 and last traded at $167.41, with a volume of 55283 shares. The stock had previously closed at $166.79.

Vanguard Mega Cap Value ETF Trading Up 0.3%

The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72. The stock’s 50 day moving average price is $162.66 and its 200 day moving average price is $154.64.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Valmark Advisers Inc. boosted its stake in Vanguard Mega Cap Value ETF by 2.9% in the fourth quarter. Valmark Advisers Inc. now owns 2,447 shares of the company’s stock valued at $345,000 after acquiring an additional 69 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of Vanguard Mega Cap Value ETF by 3.1% during the 4th quarter. Wedbush Securities Inc. now owns 2,687 shares of the company’s stock valued at $379,000 after acquiring an additional 80 shares during the period. Visionary Wealth Advisors increased its stake in shares of Vanguard Mega Cap Value ETF by 1.0% during the 2nd quarter. Visionary Wealth Advisors now owns 8,107 shares of the company’s stock worth $1,064,000 after purchasing an additional 82 shares during the last quarter. SCS Capital Management LLC raised its holdings in shares of Vanguard Mega Cap Value ETF by 1.1% in the 4th quarter. SCS Capital Management LLC now owns 7,963 shares of the company’s stock worth $1,124,000 after purchasing an additional 86 shares during the period. Finally, Betterment LLC lifted its stake in Vanguard Mega Cap Value ETF by 3.2% in the third quarter. Betterment LLC now owns 2,818 shares of the company’s stock valued at $388,000 after purchasing an additional 88 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.