PNC Financial Services Group Inc. Has $192.55 Million Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

PNC Financial Services Group Inc. lowered its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 560,710 shares of the company’s stock after selling 5,352 shares during the period. PNC Financial Services Group Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $192,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Bank of Jackson Hole Trust acquired a new stake in Vanguard Mega Cap Growth ETF in the 4th quarter worth $27,000. Mainstream Capital Management LLC acquired a new stake in Vanguard Mega Cap Growth ETF during the fourth quarter worth about $31,000. Peterson Financial Group Inc. bought a new position in Vanguard Mega Cap Growth ETF during the third quarter valued at about $33,000. Copley Financial Group Inc. bought a new position in Vanguard Mega Cap Growth ETF during the third quarter valued at about $33,000. Finally, Riggs Asset Managment Co. Inc. bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $40,000.

Vanguard Mega Cap Growth ETF Trading Up 0.1 %

MGK opened at $323.81 on Friday. The stock’s 50 day simple moving average is $345.84 and its 200-day simple moving average is $335.20. The stock has a market cap of $23.78 billion, a PE ratio of 41.72 and a beta of 1.13. Vanguard Mega Cap Growth ETF has a 1 year low of $266.99 and a 1 year high of $358.64.

Vanguard Mega Cap Growth ETF 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.