Vanguard Mega Cap ETF (NYSEARCA:MGC) Hits New 52-Week High – Time to Buy?

by · The Cerbat Gem

Vanguard Mega Cap ETF (NYSEARCA:MGC – Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $285.71 and last traded at $286.0860, with a volume of 40642 shares traded. The stock had previously closed at $281.72.

Vanguard Mega Cap ETF Trading Up 1.5%

The firm has a market cap of $10.46 billion, a P/E ratio of 26.06 and a beta of 1.02. The company has a fifty day moving average price of $278.58 and a two-hundred day moving average price of $267.07.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC lifted its position in Vanguard Mega Cap ETF by 6.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,647 shares of the company’s stock valued at $998,000 after acquiring an additional 236 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Vanguard Mega Cap ETF by 172.4% in the 2nd quarter. NewEdge Advisors LLC now owns 30,685 shares of the company’s stock valued at $8,397,000 after purchasing an additional 19,419 shares during the period. Allworth Financial LP lifted its holdings in shares of Vanguard Mega Cap ETF by 8.3% in the second quarter. Allworth Financial LP now owns 5,246 shares of the company’s stock valued at $1,436,000 after purchasing an additional 402 shares in the last quarter. Waverly Advisors LLC boosted its position in shares of Vanguard Mega Cap ETF by 26.7% during the second quarter. Waverly Advisors LLC now owns 1,425 shares of the company’s stock worth $390,000 after buying an additional 300 shares during the period. Finally, Corient Private Wealth LP grew its holdings in shares of Vanguard Mega Cap ETF by 28.0% during the second quarter. Corient Private Wealth LP now owns 4,156 shares of the company’s stock worth $1,137,000 after buying an additional 909 shares in the last quarter.

Vanguard Mega Cap ETF Company Profile

(Get Free Report)

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.

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