Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Sets New 1-Year Low – Time to Sell?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGKGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $63.74 and last traded at $88.58, with a volume of 1183788 shares traded. The stock had previously closed at $87.69.

Vanguard Mega Cap Growth ETF Stock Performance

The company has a fifty day simple moving average of $88.16 and a 200 day simple moving average of $82.45. The stock has a market capitalization of $33.30 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24.

Hedge Funds Weigh In On Vanguard Mega Cap Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC increased its position in Vanguard Mega Cap Growth ETF by 139.5% during the 4th quarter. Brighton Jones LLC now owns 1,509 shares of the company’s stock valued at $518,000 after purchasing an additional 879 shares during the period. AQR Capital Management LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 127.3% in the 1st quarter. AQR Capital Management LLC now owns 3,830 shares of the company’s stock valued at $1,183,000 after purchasing an additional 2,145 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Vanguard Mega Cap Growth ETF by 1.4% during the first quarter. Goldman Sachs Group Inc. now owns 107,285 shares of the company’s stock worth $33,138,000 after buying an additional 1,483 shares during the period. Russell Investments Group Ltd. increased its position in shares of Vanguard Mega Cap Growth ETF by 12.4% during the second quarter. Russell Investments Group Ltd. now owns 2,117 shares of the company’s stock worth $775,000 after buying an additional 233 shares during the period. Finally, Invesco Ltd. bought a new position in Vanguard Mega Cap Growth ETF during the second quarter worth $238,000.

Vanguard Mega Cap Growth ETF Company Profile

(Get Free Report)

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.

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