Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Hits New 52-Week High at $127.92

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $127.92 and last traded at $127.92, with a volume of 340 shares changing hands. The stock had previously closed at $127.34.

Vanguard Mega Cap Value ETF Stock Down 0.2 %

The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 18.88 and a beta of 0.66. The company has a 50-day moving average price of $123.48 and a 200 day moving average price of $119.65.

Institutional Investors Weigh In On Vanguard Mega Cap Value ETF

A number of institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its position in shares of Vanguard Mega Cap Value ETF by 53.1% in the second quarter. LPL Financial LLC now owns 1,005,969 shares of the company’s stock worth $119,207,000 after purchasing an additional 348,936 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Vanguard Mega Cap Value ETF by 6.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 635,796 shares of the company’s stock worth $75,342,000 after buying an additional 39,828 shares in the last quarter. Black Diamond Financial LLC boosted its stake in shares of Vanguard Mega Cap Value ETF by 8.7% during the 2nd quarter. Black Diamond Financial LLC now owns 616,892 shares of the company’s stock valued at $73,102,000 after buying an additional 49,297 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Vanguard Mega Cap Value ETF by 4.6% during the 4th quarter. Wells Fargo & Company MN now owns 552,615 shares of the company’s stock valued at $60,440,000 after buying an additional 24,192 shares during the period. Finally, Raymond James & Associates grew its holdings in shares of Vanguard Mega Cap Value ETF by 2.9% during the 2nd quarter. Raymond James & Associates now owns 506,821 shares of the company’s stock valued at $60,058,000 after acquiring an additional 14,355 shares in the last quarter.

Vanguard Mega Cap Value ETF Company Profile

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.