Merit Financial Group LLC Purchases 181,132 Shares of Vanguard Mega Cap Growth ETF $MGK

Merit Financial Group LLC raised its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 50.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 538,959 shares of the company’s stock after acquiring an additional 181,132 shares during the period. Vanguard Mega Cap Growth ETF makes up about 2.0% of Merit Financial Group LLC’s holdings, making the stock its 5th largest position. Merit Financial Group LLC owned 0.70% of Vanguard Mega Cap Growth ETF worth $216,888,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. boosted its stake in Vanguard Mega Cap Growth ETF by 7.0% during the 3rd quarter. Assetmark Inc. now owns 8,503,196 shares of the company’s stock valued at $3,421,856,000 after purchasing an additional 558,602 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in Vanguard Mega Cap Growth ETF by 6.0% during the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 3,737,341 shares of the company’s stock valued at $1,368,502,000 after acquiring an additional 211,907 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Vanguard Mega Cap Growth ETF by 0.9% during the 2nd quarter. Captrust Financial Advisors now owns 1,668,738 shares of the company’s stock worth $611,042,000 after acquiring an additional 15,432 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the third quarter valued at about $335,586,000. Finally, Osaic Holdings Inc. boosted its holdings in Vanguard Mega Cap Growth ETF by 383.6% during the second quarter. Osaic Holdings Inc. now owns 623,866 shares of the company’s stock worth $228,441,000 after purchasing an additional 494,855 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 0.6%

Vanguard Mega Cap Growth ETF stock opened at $384.69 on Tuesday. The stock has a market cap of $30.18 billion, a P/E ratio of 37.33 and a beta of 1.18. The company’s 50 day moving average price is $407.41 and its two-hundred day moving average price is $402.75. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $426.80.

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.