PNC Financial Services Group Inc. Boosts Stake in Vanguard Mega Cap ETF $MGC

PNC Financial Services Group Inc. increased its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 0.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 437,692 shares of the company’s stock after acquiring an additional 4,105 shares during the period. PNC Financial Services Group Inc. owned approximately 1.22% of Vanguard Mega Cap ETF worth $103,449,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MGC. Cassaday & Co Wealth Management LLC boosted its position in Vanguard Mega Cap ETF by 0.9% during the first quarter. Cassaday & Co Wealth Management LLC now owns 5,553 shares of the company’s stock worth $1,312,000 after purchasing an additional 52 shares in the last quarter. MWA Asset Management increased its position in shares of Vanguard Mega Cap ETF by 5.1% in the first quarter. MWA Asset Management now owns 1,435 shares of the company’s stock valued at $339,000 after buying an additional 69 shares in the last quarter. Spartan Wealth Advisory Services LLC purchased a new stake in shares of Vanguard Mega Cap ETF in the first quarter valued at approximately $5,488,000. Independent Financial Group LLC purchased a new stake in shares of Vanguard Mega Cap ETF in the first quarter valued at approximately $742,000. Finally, D.A. Davidson & CO. raised its stake in shares of Vanguard Mega Cap ETF by 16.1% during the 1st quarter. D.A. Davidson & CO. now owns 5,708 shares of the company’s stock worth $1,349,000 after buying an additional 793 shares during the period.

Vanguard Mega Cap ETF Price Performance

Shares of NYSEARCA:MGC opened at $273.66 on Thursday. Vanguard Mega Cap ETF has a 1 year low of $225.44 and a 1 year high of $280.10. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. The business’s 50 day moving average price is $273.57 and its 200-day moving average price is $258.85.

About Vanguard Mega Cap ETF

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.