Evolve Private Wealth LLC Invests $6.72 Million in Merck KGaA $MKGAF

Evolve Private Wealth LLC acquired a new stake in Merck KGaA (OTCMKTS:MKGAFFree Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 51,984 shares of the company’s stock, valued at approximately $6,724,000.

A number of other hedge funds have also made changes to their positions in the stock. Martin & Co. Inc. TN bought a new stake in Merck KGaA during the second quarter worth approximately $2,054,000. WealthShield Partners LLC acquired a new position in shares of Merck KGaA during the 2nd quarter valued at $320,000. W1M Asset Management Ltd bought a new stake in shares of Merck KGaA in the 2nd quarter worth $1,412,000. Madison Wealth Partners Inc bought a new stake in shares of Merck KGaA in the 2nd quarter worth $1,031,000. Finally, Varma Mutual Pension Insurance Co acquired a new stake in shares of Merck KGaA in the second quarter valued at $51,345,000. Institutional investors and hedge funds own 0.10% of the company’s stock.

Merck KGaA Trading Up 0.7%

Shares of MKGAF stock opened at $163.21 on Friday. The stock has a 50-day simple moving average of $162.62 and a 200 day simple moving average of $148.46. The stock has a market capitalization of $21.09 billion, a P/E ratio of 24.92 and a beta of 0.96. Merck KGaA has a fifty-two week low of $116.68 and a fifty-two week high of $175.56. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27.

Merck KGaA Company Profile

(Free Report)

Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.

The company’s operations are organized mainly into three businesses.

Further Reading

Want to see what other hedge funds are holding MKGAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck KGaA (OTCMKTS:MKGAFFree Report).

Institutional Ownership by Quarter for Merck KGaA (OTCMKTS:MKGAF)

Receive News & Ratings for Merck KGaA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck KGaA and related companies with MarketBeat.com's FREE daily email newsletter.