Vanguard Mega Cap ETF (NYSEARCA:MGC) Hits New 1-Year High – Here’s What Happened

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $216.46 and last traded at $216.38, with a volume of 8782 shares trading hands. The stock had previously closed at $215.02.

Vanguard Mega Cap ETF Stock Up 0.7 %

The stock has a market capitalization of $6.24 billion, a PE ratio of 26.93 and a beta of 1.02. The firm’s fifty day moving average is $209.64 and its 200-day moving average is $201.16.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its position in Vanguard Mega Cap ETF by 12.6% during the third quarter. Larson Financial Group LLC now owns 474 shares of the company’s stock worth $98,000 after acquiring an additional 53 shares during the last quarter. Diversify Advisory Services LLC boosted its position in Vanguard Mega Cap ETF by 3.2% during the third quarter. Diversify Advisory Services LLC now owns 1,880 shares of the company’s stock worth $396,000 after acquiring an additional 58 shares during the last quarter. Zega Financial LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 5.6% in the 3rd quarter. Zega Financial LLC now owns 1,290 shares of the company’s stock valued at $267,000 after purchasing an additional 68 shares during the last quarter. Certified Advisory Corp boosted its holdings in shares of Vanguard Mega Cap ETF by 0.8% in the 2nd quarter. Certified Advisory Corp now owns 9,156 shares of the company’s stock valued at $1,806,000 after purchasing an additional 73 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in shares of Vanguard Mega Cap ETF by 0.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 9,382 shares of the company’s stock valued at $1,939,000 after purchasing an additional 76 shares during the last quarter.

About Vanguard Mega Cap ETF

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.