PNC Financial Services Group Inc. Sells 62,669 Shares of Vanguard Mega Cap Value ETF $MGV

PNC Financial Services Group Inc. decreased its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,160,993 shares of the company’s stock after selling 62,669 shares during the period. PNC Financial Services Group Inc. owned approximately 1.49% of Vanguard Mega Cap Value ETF worth $168,286,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Focus Partners Wealth boosted its stake in Vanguard Mega Cap Value ETF by 18.2% during the first quarter. Focus Partners Wealth now owns 10,769 shares of the company’s stock valued at $1,387,000 after buying an additional 1,662 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Vanguard Mega Cap Value ETF by 5.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,063 shares of the company’s stock valued at $533,000 after buying an additional 192 shares in the last quarter. NewEdge Advisors LLC increased its stake in Vanguard Mega Cap Value ETF by 4.9% in the 2nd quarter. NewEdge Advisors LLC now owns 12,167 shares of the company’s stock worth $1,596,000 after acquiring an additional 570 shares during the last quarter. HUB Investment Partners LLC increased its stake in Vanguard Mega Cap Value ETF by 7.9% in the 2nd quarter. HUB Investment Partners LLC now owns 2,906 shares of the company’s stock worth $381,000 after acquiring an additional 214 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in shares of Vanguard Mega Cap Value ETF by 13.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 15,656 shares of the company’s stock worth $2,073,000 after acquiring an additional 1,880 shares in the last quarter.

Vanguard Mega Cap Value ETF Price Performance

Shares of MGV opened at $163.00 on Thursday. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72. Vanguard Mega Cap Value ETF has a 1 year low of $128.84 and a 1 year high of $166.02. The business’s 50 day simple moving average is $160.61 and its 200-day simple moving average is $152.99.

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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.