Merit Financial Group LLC Purchases 87,691 Shares of Vanguard Value ETF (NYSEARCA:VTV)

Merit Financial Group LLC boosted its position in shares of Vanguard Value ETF (NYSEARCA:VTV) by 50.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 260,173 shares of the company’s stock after acquiring an additional 87,691 shares during the quarter. Vanguard Value ETF accounts for 1.2% of Merit Financial Group LLC’s investment portfolio, making the stock its 16th largest holding. Merit Financial Group LLC’s holdings in Vanguard Value ETF were worth $38,896,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in Vanguard Value ETF by 1.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 53,699,589 shares of the company’s stock worth $7,406,784,000 after acquiring an additional 583,028 shares during the period. Betterment LLC raised its stake in Vanguard Value ETF by 1.9% during the 3rd quarter. Betterment LLC now owns 12,721,775 shares of the company’s stock worth $1,754,714,000 after acquiring an additional 231,256 shares during the period. Ameriprise Financial Inc. raised its stake in Vanguard Value ETF by 1.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,423,766 shares of the company’s stock worth $1,161,270,000 after acquiring an additional 119,948 shares during the period. LPL Financial LLC raised its stake in Vanguard Value ETF by 7.1% during the 3rd quarter. LPL Financial LLC now owns 8,306,355 shares of the company’s stock worth $1,145,695,000 after acquiring an additional 549,925 shares during the period. Finally, TIAA Trust National Association raised its stake in Vanguard Value ETF by 0.5% during the 4th quarter. TIAA Trust National Association now owns 5,545,262 shares of the company’s stock worth $829,017,000 after acquiring an additional 26,485 shares during the period.

Vanguard Value ETF Trading Up 0.6 %

NYSEARCA VTV traded up $0.92 on Friday, reaching $157.77. 1,830,822 shares of the stock were exchanged, compared to its average volume of 2,411,457. The firm has a market capitalization of $112.52 billion, a PE ratio of 17.44 and a beta of 0.70. Vanguard Value ETF has a one year low of $131.42 and a one year high of $163.30. The company’s 50-day simple moving average is $158.39 and its two-hundred day simple moving average is $149.99.

Vanguard Value ETF Profile

Vanguard Value ETF (the Fund) is an exchange-traded share class of Vanguard Value Index Fund, which employs a passive management or indexing investment approach designed to track the performance of the MSCI US Prime Market Value Index (the Index). The Index is a diversified index of value stocks of predominantly large United States companies.