Merit Financial Group LLC Purchases 26,549 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Merit Financial Group LLC grew its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,655 shares of the company’s stock after acquiring an additional 26,549 shares during the quarter. Vanguard Mega Cap Growth ETF comprises 1.5% of Merit Financial Group LLC’s holdings, making the stock its 12th largest holding. Merit Financial Group LLC owned 0.37% of Vanguard Mega Cap Growth ETF worth $84,017,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MGK. Capital Planning LLC raised its holdings in Vanguard Mega Cap Growth ETF by 1.3% during the fourth quarter. Capital Planning LLC now owns 36,032 shares of the company’s stock worth $12,374,000 after buying an additional 465 shares during the last quarter. Cvfg LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth about $469,000. Bennett Associates Wealth Management lifted its position in Vanguard Mega Cap Growth ETF by 0.5% in the 4th quarter. Bennett Associates Wealth Management now owns 19,858 shares of the company’s stock valued at $6,819,000 after acquiring an additional 107 shares in the last quarter. Retireful LLC acquired a new position in Vanguard Mega Cap Growth ETF during the 4th quarter valued at about $1,273,000. Finally, Sicart Associates LLC increased its holdings in Vanguard Mega Cap Growth ETF by 537.2% during the 4th quarter. Sicart Associates LLC now owns 10,348 shares of the company’s stock worth $3,554,000 after purchasing an additional 8,724 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Up 1.4 %

MGK stock opened at $346.91 on Friday. The firm has a market capitalization of $22.96 billion, a PE ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a twelve month low of $261.32 and a twelve month high of $358.61. The stock’s 50 day moving average is $345.05 and its 200-day moving average is $326.26.

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.