Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 12-Month High – Here’s What Happened

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $216.46 and last traded at $216.38, with a volume of 8782 shares traded. The stock had previously closed at $215.02.

Vanguard Mega Cap ETF Price Performance

The stock has a 50 day simple moving average of $209.86 and a two-hundred day simple moving average of $201.46. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02.

Institutional Trading of Vanguard Mega Cap ETF

Several hedge funds have recently made changes to their positions in MGC. PFG Private Wealth Management LLC acquired a new position in Vanguard Mega Cap ETF in the second quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new position in shares of Vanguard Mega Cap ETF in the 3rd quarter valued at $33,000. Hershey Financial Advisers LLC purchased a new position in shares of Vanguard Mega Cap ETF during the 2nd quarter worth $36,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the 3rd quarter worth about $41,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the 2nd quarter worth about $71,000.

About Vanguard Mega Cap ETF

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.