Merit Financial Group LLC Has $114.59 Million Position in Vanguard Mega Cap Value ETF $MGV

Merit Financial Group LLC boosted its holdings in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 30.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 831,915 shares of the company’s stock after purchasing an additional 192,747 shares during the period. Vanguard Mega Cap Value ETF comprises approximately 1.1% of Merit Financial Group LLC’s investment portfolio, making the stock its 21st biggest position. Merit Financial Group LLC owned 1.12% of Vanguard Mega Cap Value ETF worth $114,588,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Proathlete Wealth Management LLC bought a new position in shares of Vanguard Mega Cap Value ETF in the second quarter worth about $25,000. NorthRock Partners LLC grew its stake in shares of Vanguard Mega Cap Value ETF by 100.0% during the second quarter. NorthRock Partners LLC now owns 188 shares of the company’s stock worth $25,000 after buying an additional 94 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in shares of Vanguard Mega Cap Value ETF during the third quarter worth $28,000. Kilter Group LLC bought a new position in shares of Vanguard Mega Cap Value ETF in the 2nd quarter valued at $29,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Vanguard Mega Cap Value ETF during the 3rd quarter valued at $29,000.

Vanguard Mega Cap Value ETF Price Performance

Vanguard Mega Cap Value ETF stock opened at $142.11 on Wednesday. The business has a 50 day moving average of $139.49 and a 200-day moving average of $135.88. Vanguard Mega Cap Value ETF has a 1 year low of $112.25 and a 1 year high of $143.07. The company has a market capitalization of $10.56 billion, a P/E ratio of 18.48 and a beta of 0.80.

About Vanguard Mega Cap Value ETF

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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.