Merit Financial Group LLC Sells 2,011 Shares of Vanguard Mega Cap Growth ETF $MGK

Merit Financial Group LLC reduced its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 357,827 shares of the company’s stock after selling 2,011 shares during the quarter. Vanguard Mega Cap Growth ETF makes up 1.5% of Merit Financial Group LLC’s holdings, making the stock its 13th largest holding. Merit Financial Group LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $131,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of MGK. Sequoia Financial Advisors LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF in the first quarter valued at about $217,000. Brown Advisory Inc. increased its stake in Vanguard Mega Cap Growth ETF by 7.3% during the first quarter. Brown Advisory Inc. now owns 4,601 shares of the company’s stock valued at $1,421,000 after acquiring an additional 315 shares during the period. QRG Capital Management Inc. acquired a new position in Vanguard Mega Cap Growth ETF in the 1st quarter valued at approximately $464,000. Park Avenue Securities LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 23.0% in the 1st quarter. Park Avenue Securities LLC now owns 1,826 shares of the company’s stock worth $564,000 after acquiring an additional 341 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 0.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 184,669 shares of the company’s stock worth $57,041,000 after purchasing an additional 969 shares in the last quarter.

Vanguard Mega Cap Growth ETF Trading Down 0.4%

MGK opened at $403.68 on Friday. The stock’s 50 day simple moving average is $389.42 and its 200-day simple moving average is $354.51. The stock has a market cap of $30.92 billion, a PE ratio of 37.33 and a beta of 1.11. Vanguard Mega Cap Growth ETF has a 1 year low of $262.65 and a 1 year high of $406.88.

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.