Vanguard Growth ETF $VUG Stake Boosted by Merit Financial Group LLC

Merit Financial Group LLC grew its position in Vanguard Growth ETF (NYSEARCA:VUG) by 73.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 817,453 shares of the company’s stock after purchasing an additional 347,412 shares during the quarter. Vanguard Growth ETF makes up about 4.0% of Merit Financial Group LLC’s investment portfolio, making the stock its largest holding. Merit Financial Group LLC owned approximately 0.20% of Vanguard Growth ETF worth $358,372,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Legend Financial Advisors Inc. purchased a new stake in Vanguard Growth ETF in the 2nd quarter worth $31,000. Allianz SE purchased a new position in shares of Vanguard Growth ETF in the first quarter valued at about $29,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Vanguard Growth ETF in the first quarter worth about $29,000. Costello Asset Management INC purchased a new stake in shares of Vanguard Growth ETF during the first quarter worth about $31,000. Finally, Hager Investment Management Services LLC bought a new stake in Vanguard Growth ETF during the 1st quarter valued at approximately $31,000.

Vanguard Growth ETF Trading Down 0.4%

NYSEARCA VUG opened at $481.44 on Friday. Vanguard Growth ETF has a 12 month low of $316.14 and a 12 month high of $484.77. The stock has a market cap of $195.83 billion, a PE ratio of 36.22 and a beta of 1.11. The stock’s 50 day moving average is $464.97 and its 200 day moving average is $424.29.

About Vanguard Growth ETF

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