Vanguard Mega Cap Value ETF $MGV Stake Reduced by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,220,348 shares of the company’s stock after selling 3,454 shares during the period. PNC Financial Services Group Inc. owned 1.64% of Vanguard Mega Cap Value ETF worth $168,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC bought a new stake in Vanguard Mega Cap Value ETF in the 3rd quarter valued at about $28,000. Kilter Group LLC bought a new position in Vanguard Mega Cap Value ETF in the 2nd quarter worth approximately $29,000. Root Financial Partners LLC acquired a new stake in Vanguard Mega Cap Value ETF in the 3rd quarter valued at approximately $29,000. Dynamic Wealth Strategies LLC acquired a new stake in Vanguard Mega Cap Value ETF in the 2nd quarter valued at approximately $30,000. Finally, WFA Asset Management Corp bought a new stake in Vanguard Mega Cap Value ETF during the 2nd quarter valued at $32,000.

Vanguard Mega Cap Value ETF Stock Performance

NYSEARCA:MGV opened at $152.65 on Monday. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 18.48 and a beta of 0.80. Vanguard Mega Cap Value ETF has a 1 year low of $112.25 and a 1 year high of $154.03. The business has a fifty day moving average of $145.40 and a 200-day moving average of $139.57.

Vanguard Mega Cap Value ETF 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.