Merit Financial Group LLC Purchases 73,223 Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Merit Financial Group LLC grew its position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 29.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 319,622 shares of the company’s stock after buying an additional 73,223 shares during the period. Vanguard Mega Cap Value ETF makes up 1.1% of Merit Financial Group LLC’s investment portfolio, making the stock its 18th largest holding. Merit Financial Group LLC’s holdings in Vanguard Mega Cap Value ETF were worth $34,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Life Planning Partners Inc bought a new position in shares of Vanguard Mega Cap Value ETF during the 4th quarter worth approximately $25,000. Chilton Capital Management LLC bought a new position in shares of Vanguard Mega Cap Value ETF during the 4th quarter worth approximately $26,000. Bare Financial Services Inc bought a new position in shares of Vanguard Mega Cap Value ETF during the 4th quarter worth approximately $51,000. First Command Advisory Services Inc. bought a new position in shares of Vanguard Mega Cap Value ETF during the 3rd quarter worth approximately $81,000. Finally, Huntington National Bank bought a new position in shares of Vanguard Mega Cap Value ETF during the 3rd quarter worth approximately $90,000.

Vanguard Mega Cap Value ETF Price Performance

Shares of Vanguard Mega Cap Value ETF stock traded up $0.57 during midday trading on Friday, hitting $115.79. 138,615 shares of the company were exchanged, compared to its average volume of 177,806. The firm has a market cap of $7.11 billion, a P/E ratio of 18.51 and a beta of 0.68. Vanguard Mega Cap Value ETF has a 52 week low of $96.77 and a 52 week high of $119.69. The firm has a 50 day simple moving average of $116.33 and a 200-day simple moving average of $110.18.

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.