Vanguard Mega Cap Growth ETF $MGK is Merit Financial Group LLC’s 5th Largest Position

Merit Financial Group LLC boosted its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 50.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 538,959 shares of the company’s stock after purchasing an additional 181,132 shares during the quarter. Vanguard Mega Cap Growth ETF comprises 2.0% of Merit Financial Group LLC’s portfolio, making the stock its 5th largest position. Merit Financial Group LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $216,888,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MGK. Vanguard Group Inc. raised its holdings in Vanguard Mega Cap Growth ETF by 31.5% in the third quarter. Vanguard Group Inc. now owns 21,798 shares of the company’s stock worth $8,772,000 after buying an additional 5,221 shares during the last quarter. Capital Planning Advisors LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF in the third quarter worth $217,000. JPMorgan Chase & Co. lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 20.4% during the third quarter. JPMorgan Chase & Co. now owns 100,293 shares of the company’s stock valued at $40,360,000 after purchasing an additional 16,971 shares in the last quarter. Calton & Associates Inc. boosted its position in shares of Vanguard Mega Cap Growth ETF by 4.6% during the third quarter. Calton & Associates Inc. now owns 3,009 shares of the company’s stock valued at $1,211,000 after buying an additional 131 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in Vanguard Mega Cap Growth ETF by 3.4% in the 3rd quarter. HighTower Advisors LLC now owns 221,443 shares of the company’s stock worth $89,114,000 after buying an additional 7,383 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 0.6%

Shares of MGK stock opened at $384.69 on Tuesday. The company has a 50 day moving average price of $407.41 and a 200-day moving average price of $402.75. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $426.80. The firm has a market capitalization of $30.18 billion, a PE ratio of 37.33 and a beta of 1.18.

Vanguard Mega Cap Growth ETF Company Profile

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.