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

PNC Financial Services Group Inc. reduced its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 531,543 shares of the company’s stock after selling 13,881 shares during the period. PNC Financial Services Group Inc. owned about 0.71% of Vanguard Mega Cap Growth ETF worth $194,635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MGK. Assetmark Inc. boosted its holdings in Vanguard Mega Cap Growth ETF by 2.9% in the second quarter. Assetmark Inc. now owns 7,944,594 shares of the company’s stock valued at $2,909,072,000 after purchasing an additional 227,615 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 6.0% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 3,737,341 shares of the company’s stock valued at $1,368,502,000 after buying an additional 211,907 shares during the period. Ameriprise Financial Inc. lifted its holdings in Vanguard Mega Cap Growth ETF by 12.7% in the first quarter. Ameriprise Financial Inc. now owns 805,119 shares of the company’s stock valued at $248,910,000 after acquiring an additional 90,984 shares during the period. Angeles Wealth Management LLC boosted its position in Vanguard Mega Cap Growth ETF by 7.7% in the 2nd quarter. Angeles Wealth Management LLC now owns 575,440 shares of the company’s stock worth $210,709,000 after purchasing an additional 40,990 shares in the last quarter. Finally, Comerica Bank boosted its position in Vanguard Mega Cap Growth ETF by 4.7% in the 1st quarter. Comerica Bank now owns 392,539 shares of the company’s stock worth $121,248,000 after purchasing an additional 17,466 shares in the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

NYSEARCA:MGK opened at $417.39 on Wednesday. The company has a 50 day moving average price of $404.33 and a 200-day moving average price of $375.98. Vanguard Mega Cap Growth ETF has a 1-year low of $262.65 and a 1-year high of $426.80. The firm has a market cap of $32.35 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18.

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.