PNC Financial Services Group Inc. Grows Holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

PNC Financial Services Group Inc. boosted its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,435,017 shares of the company’s stock after buying an additional 12,350 shares during the quarter. PNC Financial Services Group Inc. owned approximately 6.39% of Vanguard Mega Cap Value ETF worth $178,291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers grew its holdings in Vanguard Mega Cap Value ETF by 114.7% during the first quarter. Cetera Investment Advisers now owns 19,122 shares of the company’s stock worth $1,262,000 after acquiring an additional 10,215 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Vanguard Mega Cap Value ETF by 11.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 159,445 shares of the company’s stock worth $10,525,000 after acquiring an additional 15,741 shares in the last quarter. ETRADE Capital Management LLC grew its stake in Vanguard Mega Cap Value ETF by 6.5% in the first quarter. ETRADE Capital Management LLC now owns 49,258 shares of the company’s stock valued at $3,252,000 after acquiring an additional 2,988 shares during the period. Trexquant Investment LP bought a new stake in shares of Vanguard Mega Cap Value ETF during the first quarter valued at approximately $291,000. Finally, Commonwealth Equity Services LLC raised its position in shares of Vanguard Mega Cap Value ETF by 82.1% during the first quarter. Commonwealth Equity Services LLC now owns 198,651 shares of the company’s stock worth $13,112,000 after purchasing an additional 89,541 shares during the period.

NYSEARCA MGV traded up $0.38 during mid-day trading on Wednesday, hitting $78.34. The company’s stock had a trading volume of 23,025 shares, compared to its average volume of 188,796. The company’s 50 day simple moving average is $77.80 and its 200 day simple moving average is $73.60. Vanguard Mega Cap Value ETF has a twelve month low of $56.00 and a twelve month high of $88.37.

Vanguard Mega Cap Value ETF Company Profile

Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index.

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Institutional Ownership by Quarter for Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

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