PNC Financial Services Group Inc. Buys 10,606 Shares of Vanguard Mega Cap ETF $MGC

PNC Financial Services Group Inc. boosted its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 433,587 shares of the company’s stock after purchasing an additional 10,606 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vanguard Mega Cap ETF were worth $108,904,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MGC. Orion Porfolio Solutions LLC increased its holdings in Vanguard Mega Cap ETF by 577.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock valued at $235,127,000 after buying an additional 891,030 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Vanguard Mega Cap ETF by 99.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,720,955 shares of the company’s stock worth $420,068,000 after acquiring an additional 857,073 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new position in Vanguard Mega Cap ETF in the third quarter valued at approximately $161,189,000. JPMorgan Chase & Co. increased its stake in Vanguard Mega Cap ETF by 67.0% in the third quarter. JPMorgan Chase & Co. now owns 455,404 shares of the company’s stock valued at $111,160,000 after acquiring an additional 182,729 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in Vanguard Mega Cap ETF during the third quarter valued at approximately $37,283,000.

Vanguard Mega Cap ETF Stock Performance

Shares of MGC stock opened at $272.98 on Thursday. Vanguard Mega Cap ETF has a fifty-two week low of $208.51 and a fifty-two week high of $275.97. The stock’s fifty day moving average price is $252.71 and its two-hundred day moving average price is $251.32. The company has a market cap of $9.78 billion, a PE ratio of 26.06 and a beta of 1.01.

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.