Merit Financial Group LLC Buys 50,431 Shares of Vanguard Mega Cap Value ETF $MGV

Merit Financial Group LLC boosted its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 8.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 639,168 shares of the company’s stock after acquiring an additional 50,431 shares during the period. Vanguard Mega Cap Value ETF accounts for 0.9% of Merit Financial Group LLC’s portfolio, making the stock its 23rd largest holding. Merit Financial Group LLC owned approximately 0.88% of Vanguard Mega Cap Value ETF worth $83,859,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Stratos Wealth Partners LTD. increased its holdings in shares of Vanguard Mega Cap Value ETF by 13.1% in the first quarter. Stratos Wealth Partners LTD. now owns 4,821 shares of the company’s stock worth $621,000 after purchasing an additional 558 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Vanguard Mega Cap Value ETF during the 1st quarter valued at approximately $71,000. Wealth Enhancement Advisory Services LLC increased its stake in Vanguard Mega Cap Value ETF by 79.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,702 shares of the company’s stock worth $9,625,000 after acquiring an additional 33,001 shares during the last quarter. Avior Wealth Management LLC increased its stake in Vanguard Mega Cap Value ETF by 8.7% in the 2nd quarter. Avior Wealth Management LLC now owns 135,528 shares of the company’s stock worth $17,783,000 after acquiring an additional 10,792 shares during the last quarter. Finally, Silver Oak Securities Incorporated raised its holdings in shares of Vanguard Mega Cap Value ETF by 3.7% during the 1st quarter. Silver Oak Securities Incorporated now owns 2,826 shares of the company’s stock worth $360,000 after acquiring an additional 101 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

NYSEARCA MGV opened at $138.40 on Friday. The stock has a 50 day moving average price of $134.58 and a 200-day moving average price of $129.59. Vanguard Mega Cap Value ETF has a one year low of $112.25 and a one year high of $139.07. The company has a market capitalization of $10.20 billion, a P/E ratio of 18.48 and a beta of 0.86.

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.