Merit Financial Group LLC Raises Stock Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Merit Financial Group LLC increased its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 244,655 shares of the company’s stock after acquiring an additional 26,549 shares during the quarter. Vanguard Mega Cap Growth ETF makes up about 1.5% of Merit Financial Group LLC’s holdings, making the stock its 12th largest position. Merit Financial Group LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $84,017,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC increased its stake in shares of Vanguard Mega Cap Growth ETF by 12.7% during the 3rd quarter. FMR LLC now owns 23,961 shares of the company’s stock worth $7,714,000 after purchasing an additional 2,704 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Vanguard Mega Cap Growth ETF by 14.5% in the third quarter. Oppenheimer & Co. Inc. now owns 1,202 shares of the company’s stock valued at $387,000 after buying an additional 152 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 23.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 66,015 shares of the company’s stock valued at $21,254,000 after buying an additional 12,655 shares during the last quarter. CX Institutional grew its stake in shares of Vanguard Mega Cap Growth ETF by 8.2% during the 3rd quarter. CX Institutional now owns 141,755 shares of the company’s stock worth $45,638,000 after acquiring an additional 10,778 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Vanguard Mega Cap Growth ETF by 91.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,457 shares of the company’s stock worth $772,000 after acquiring an additional 1,173 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of Vanguard Mega Cap Growth ETF stock opened at $346.91 on Friday. The stock has a market capitalization of $22.96 billion, a P/E ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 52-week low of $261.32 and a 52-week high of $358.61. The stock’s 50-day simple moving average is $345.05 and its 200 day simple moving average is $326.26.

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.