Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Reaches New 52-Week High – Still a Buy?

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

Vanguard Mega Cap Growth ETF Stock Performance

The company has a market capitalization of $26.13 billion, a PE ratio of 41.72 and a beta of 1.13. The stock’s 50 day moving average is $349.75 and its 200 day moving average is $332.28.

Institutional Trading of Vanguard Mega Cap Growth ETF

A number of institutional investors have recently modified their holdings of MGK. Allspring Global Investments Holdings LLC lifted its stake in 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 worth $21,254,000 after purchasing an additional 12,655 shares in the last quarter. Trilogy Capital Inc. lifted its stake in Vanguard Mega Cap Growth ETF by 7.4% in the 3rd quarter. Trilogy Capital Inc. now owns 730 shares of the company’s stock worth $235,000 after purchasing an additional 50 shares in the last quarter. ODonnell Financial Services LLC lifted its stake in Vanguard Mega Cap Growth ETF by 2.3% in the 3rd quarter. ODonnell Financial Services LLC now owns 46,730 shares of the company’s stock worth $15,045,000 after purchasing an additional 1,059 shares in the last quarter. McAdam LLC lifted its stake in Vanguard Mega Cap Growth ETF by 18.0% in the 3rd quarter. McAdam LLC now owns 3,830 shares of the company’s stock worth $1,233,000 after purchasing an additional 583 shares in the last quarter. Finally, SOL Capital Management CO lifted its stake in Vanguard Mega Cap Growth ETF by 2.3% in the 3rd quarter. SOL Capital Management CO now owns 32,287 shares of the company’s stock worth $10,395,000 after purchasing an additional 735 shares in the last quarter.

About Vanguard Mega Cap Growth ETF

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.