Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Hits New 1-Year High – Still a Buy?

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $358.64 and last traded at $357.64, with a volume of 32002 shares traded. The stock had previously closed at $357.43.

Vanguard Mega Cap Growth ETF Stock Down 0.1 %

The firm’s 50 day simple moving average is $349.73 and its 200-day simple moving average is $332.10. The company has a market capitalization of $23.64 billion, a PE ratio of 42.92 and a beta of 1.28.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

Several institutional investors have recently bought and sold shares of MGK. Assetmark Inc. lifted its position in shares of Vanguard Mega Cap Growth ETF by 3.8% during the third quarter. Assetmark Inc. now owns 7,453,268 shares of the company’s stock worth $2,399,580,000 after purchasing an additional 271,905 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 2.1% during the third quarter. Cassaday & Co Wealth Management LLC now owns 3,574,349 shares of the company’s stock worth $1,150,762,000 after purchasing an additional 74,966 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Vanguard Mega Cap Growth ETF by 2.7% during the fourth quarter. Captrust Financial Advisors now owns 1,637,452 shares of the company’s stock worth $562,317,000 after purchasing an additional 42,594 shares in the last quarter. LPL Financial LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 14.5% during the fourth quarter. LPL Financial LLC now owns 1,080,875 shares of the company’s stock worth $371,183,000 after purchasing an additional 136,586 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Vanguard Mega Cap Growth ETF by 23.6% during the fourth quarter. Ameriprise Financial Inc. now owns 714,135 shares of the company’s stock worth $245,284,000 after purchasing an additional 136,347 shares in the last quarter.

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.