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

PNC Financial Services Group Inc. grew its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 2.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 531,713 shares of the company’s stock after purchasing an additional 14,064 shares during the period. PNC Financial Services Group Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $195,372,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley increased its position in shares of Vanguard Mega Cap Growth ETF by 11.7% during the 4th quarter. Morgan Stanley now owns 2,651,172 shares of the company’s stock valued at $1,094,325,000 after purchasing an additional 277,446 shares during the last quarter. Fifth Third Bancorp raised its holdings in Vanguard Mega Cap Growth ETF by 75,906.0% during the 1st quarter. Fifth Third Bancorp now owns 226,498 shares of the company’s stock valued at $83,225,000 after buying an additional 226,200 shares during the period. Strategic Investment Advisors MI lifted its position in Vanguard Mega Cap Growth ETF by 80,083.9% in the fourth quarter. Strategic Investment Advisors MI now owns 184,423 shares of the company’s stock worth $76,176,000 after buying an additional 184,193 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in Vanguard Mega Cap Growth ETF by 2,997.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 176,625 shares of the company’s stock worth $72,906,000 after buying an additional 170,922 shares during the last quarter. Finally, Align Financial LLC purchased a new position in Vanguard Mega Cap Growth ETF during the fourth quarter worth $66,959,000.

Vanguard Mega Cap Growth ETF Trading Down 0.6%

Shares of MGK opened at $87.17 on Thursday. The company’s fifty day simple moving average is $88.10 and its 200-day simple moving average is $82.60. The company has a market cap of $32.79 billion, a P/E ratio of 37.33 and a beta of 1.24. Vanguard Mega Cap Growth ETF has a twelve month low of $70.32 and a twelve month high of $92.38.

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.