PNC Financial Services Group Inc. Cuts Stock Position in Vanguard Mega Cap Growth ETF $MGK

PNC Financial Services Group Inc. lowered its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 531,543 shares of the company’s stock after selling 13,881 shares during the period. PNC Financial Services Group Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $194,635,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dogwood Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF during the second quarter valued at approximately $27,000. Harbor Asset Planning Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the second quarter worth approximately $28,000. Atlantic Union Bankshares Corp acquired a new position in Vanguard Mega Cap Growth ETF in the 2nd quarter valued at $30,000. Safe Harbor Fiduciary LLC purchased a new position in Vanguard Mega Cap Growth ETF in the 1st quarter valued at $32,000. Finally, Signaturefd LLC boosted its stake in Vanguard Mega Cap Growth ETF by 833.3% during the 2nd quarter. Signaturefd LLC now owns 140 shares of the company’s stock worth $51,000 after purchasing an additional 125 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 0.1%

Shares of NYSEARCA MGK opened at $417.39 on Wednesday. The firm has a 50-day simple moving average of $404.33 and a 200-day simple moving average of $375.98. The stock has a market capitalization of $32.35 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $426.80.

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.