Vanguard Mega Cap ETF (NYSEARCA:MGC) Sets New 1-Year High – Here’s Why

Vanguard Mega Cap ETF (NYSEARCA:MGC) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $261.82 and last traded at $261.68, with a volume of 81193 shares. The stock had previously closed at $261.17.

Vanguard Mega Cap ETF Trading Up 0.2%

The business has a fifty day moving average of $246.64 and a 200-day moving average of $248.95. The firm has a market cap of $9.37 billion, a PE ratio of 26.06 and a beta of 1.01.

Institutional Trading of Vanguard Mega Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of MGC. Jane Street Group LLC raised its holdings in shares of Vanguard Mega Cap ETF by 312.6% in the 1st quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock valued at $1,973,000 after acquiring an additional 7,424 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Vanguard Mega Cap ETF in the 2nd quarter valued at about $905,000. Raymond James Financial Inc. raised its holdings in shares of Vanguard Mega Cap ETF by 31.8% in the 2nd quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock valued at $90,241,000 after acquiring an additional 96,754 shares in the last quarter. Garden State Investment Advisory Services LLC raised its holdings in shares of Vanguard Mega Cap ETF by 12.4% in the 2nd quarter. Garden State Investment Advisory Services LLC now owns 1,364 shares of the company’s stock valued at $307,000 after acquiring an additional 150 shares in the last quarter. Finally, IHT Wealth Management LLC raised its holdings in shares of Vanguard Mega Cap ETF by 1.8% in the 2nd quarter. IHT Wealth Management LLC now owns 5,744 shares of the company’s stock valued at $1,292,000 after acquiring an additional 100 shares in the last quarter.

Vanguard Mega Cap ETF Company Profile

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.