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

Merit Financial Group LLC raised its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 8.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 639,168 shares of the company’s stock after purchasing an additional 50,431 shares during the period. Vanguard Mega Cap Value ETF accounts for about 0.9% of Merit Financial Group LLC’s portfolio, making the stock its 23rd biggest position. Merit Financial Group LLC’s holdings in Vanguard Mega Cap Value ETF were worth $83,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sentinel Pension Advisors LLC purchased a new stake in Vanguard Mega Cap Value ETF during the 1st quarter valued at $416,000. Patriot Financial Group Insurance Agency LLC increased its position in Vanguard Mega Cap Value ETF by 18.7% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 10,208 shares of the company’s stock valued at $1,315,000 after acquiring an additional 1,610 shares during the last quarter. Compass Planning Associates Inc raised its stake in shares of Vanguard Mega Cap Value ETF by 10.8% in the first quarter. Compass Planning Associates Inc now owns 35,311 shares of the company’s stock valued at $4,549,000 after acquiring an additional 3,439 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Vanguard Mega Cap Value ETF by 352.0% in the first quarter. Farther Finance Advisors LLC now owns 10,350 shares of the company’s stock valued at $1,329,000 after acquiring an additional 8,060 shares during the period. Finally, Focus Financial Network Inc. bought a new stake in shares of Vanguard Mega Cap Value ETF in the 1st quarter worth about $237,000.

Vanguard Mega Cap Value ETF Trading Up 0.5%

MGV stock opened at $138.40 on Friday. The stock has a market cap of $10.20 billion, a PE ratio of 18.48 and a beta of 0.86. Vanguard Mega Cap Value ETF has a 12 month low of $112.25 and a 12 month high of $139.07. The company 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 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.