Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Reaches New 52-Week High – What’s Next?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) shares hit a new 52-week high during trading on Monday . The company traded as high as $356.80 and last traded at $356.48, with a volume of 90969 shares. The stock had previously closed at $353.96.

Vanguard Mega Cap Growth ETF Price Performance

The stock has a market capitalization of $23.69 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. The firm has a 50 day simple moving average of $334.82 and a 200-day simple moving average of $319.61.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Vanguard Mega Cap Growth ETF by 12.7% in the third quarter. FMR LLC now owns 23,961 shares of the company’s stock worth $7,714,000 after purchasing an additional 2,704 shares during the period. VitalStone Financial LLC boosted its stake in Vanguard Mega Cap Growth ETF by 1,738.5% in the second quarter. VitalStone Financial LLC now owns 478 shares of the company’s stock valued at $150,000 after acquiring an additional 452 shares during the last quarter. Black Diamond Financial LLC grew its holdings in Vanguard Mega Cap Growth ETF by 2.9% during the 2nd quarter. Black Diamond Financial LLC now owns 139,636 shares of the company’s stock worth $43,875,000 after acquiring an additional 3,911 shares during the period. Vanguard Group Inc. raised its position in shares of Vanguard Mega Cap Growth ETF by 18.8% during the 1st quarter. Vanguard Group Inc. now owns 8,008 shares of the company’s stock valued at $2,295,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Vanguard Mega Cap Growth ETF by 23.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 66,015 shares of the company’s stock valued at $21,254,000 after purchasing an additional 12,655 shares during the period.

Vanguard Mega Cap Growth ETF Company Profile

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.