Merit Financial Group LLC Buys 181,203 Shares of Vanguard Mega Cap Growth ETF $MGK

Merit Financial Group LLC raised its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 50.6% in the third quarter, HoldingsChannel reports. The fund owned 539,030 shares of the company’s stock after purchasing an additional 181,203 shares during the period. Vanguard Mega Cap Growth ETF accounts for approximately 2.0% of Merit Financial Group LLC’s investment portfolio, making the stock its 5th largest holding. Merit Financial Group LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $216,916,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dogwood Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF in the 2nd quarter valued at $27,000. Harbor Asset Planning Inc. acquired a new stake in Vanguard Mega Cap Growth ETF during the second quarter valued at $28,000. Atlantic Union Bankshares Corp purchased a new position in Vanguard Mega Cap Growth ETF in the second quarter valued at $30,000. Dynamic Wealth Strategies LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF in the second quarter worth about $44,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 463.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 124 shares of the company’s stock worth $45,000 after acquiring an additional 102 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 0.1%

NYSEARCA:MGK opened at $416.00 on Wednesday. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $426.80. The stock’s 50-day moving average price is $412.93 and its 200-day moving average price is $393.90. The stock has a market capitalization of $32.24 billion, a PE ratio of 37.33 and a beta of 1.18.

About Vanguard Mega Cap Growth ETF

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.