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

PNC Financial Services Group Inc. trimmed its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 524,170 shares of the company’s stock after selling 7,373 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $210,937,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MGK. Assetmark Inc. increased its position in Vanguard Mega Cap Growth ETF by 7.0% during the 3rd quarter. Assetmark Inc. now owns 8,503,196 shares of the company’s stock worth $3,421,856,000 after purchasing an additional 558,602 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 6.0% during the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 3,737,341 shares of the company’s stock worth $1,368,502,000 after purchasing an additional 211,907 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Vanguard Mega Cap Growth ETF by 0.9% during the second quarter. Captrust Financial Advisors now owns 1,668,738 shares of the company’s stock worth $611,042,000 after buying an additional 15,432 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF in the third quarter valued at approximately $335,586,000. Finally, Osaic Holdings Inc. lifted its stake in shares of Vanguard Mega Cap Growth ETF by 383.6% during the second quarter. Osaic Holdings Inc. now owns 623,866 shares of the company’s stock valued at $228,441,000 after buying an additional 494,855 shares during the period.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA MGK opened at $384.69 on Monday. The firm has a market cap of $30.18 billion, a P/E ratio of 37.33 and a beta of 1.18. Vanguard Mega Cap Growth ETF has a 1 year low of $262.65 and a 1 year high of $426.80. The firm’s 50 day moving average price is $408.05 and its 200 day moving average price is $402.72.

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.