PNC Financial Services Group Inc. Sells 939 Shares of Vanguard Mega Cap ETF $MGC

PNC Financial Services Group Inc. decreased its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 415,956 shares of the company’s stock after selling 939 shares during the quarter. PNC Financial Services Group Inc. owned 1.28% of Vanguard Mega Cap ETF worth $93,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of MGC. Jones Financial Companies Lllp raised its stake in shares of Vanguard Mega Cap ETF by 2,183.2% during the first quarter. Jones Financial Companies Lllp now owns 476,255 shares of the company’s stock worth $95,908,000 after acquiring an additional 455,396 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Vanguard Mega Cap ETF by 65.4% during the second quarter. Envestnet Asset Management Inc. now owns 863,882 shares of the company’s stock valued at $194,304,000 after buying an additional 341,492 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Vanguard Mega Cap ETF by 190.4% in the 1st quarter. Cetera Investment Advisers now owns 272,932 shares of the company’s stock valued at $54,963,000 after acquiring an additional 178,944 shares during the last quarter. Praetorian Wealth Management Inc. purchased a new stake in Vanguard Mega Cap ETF during the 2nd quarter valued at about $19,839,000. Finally, New York Life Investment Management LLC grew its position in Vanguard Mega Cap ETF by 15.4% during the 2nd quarter. New York Life Investment Management LLC now owns 576,611 shares of the company’s stock worth $129,691,000 after acquiring an additional 76,736 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

Shares of MGC stock opened at $251.76 on Thursday. The company has a market capitalization of $8.82 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a fifty-two week low of $173.32 and a fifty-two week high of $254.46. The stock has a 50 day moving average price of $245.07 and a two-hundred day moving average price of $230.10.

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.