Vanguard Mega Cap Value ETF (NYSEARCA:MGV – Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $170.77 and last traded at $170.8030, with a volume of 88,153 shares. The stock had previously closed at $168.62.
Vanguard Mega Cap Value ETF Trading Up 1.4%
The stock has a fifty day moving average price of $165.59 and a 200 day moving average price of $158.00. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 20.06 and a beta of 0.72.
Institutional Investors Weigh In On Vanguard Mega Cap Value ETF
A number of institutional investors have recently added to or reduced their stakes in the company. Kentucky Trust Co purchased a new stake in shares of Vanguard Mega Cap Value ETF during the second quarter worth $29,000. Ascentis Independent Advisors bought a new stake in Vanguard Mega Cap Value ETF in the 1st quarter worth approximately $26,000. Root Financial Partners LLC purchased a new stake in Vanguard Mega Cap Value ETF during the third quarter valued at about $33,000. Adirondack Trust Co. purchased a new stake in Vanguard Mega Cap Value ETF during the 3rd quarter valued at about $34,000. Finally, Balance Wealth Partners LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the third quarter worth about $36,000.
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.
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