Merit Financial Group LLC Has $358.37 Million Stake in Vanguard Growth ETF $VUG

Merit Financial Group LLC grew its position in shares of 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 & Exchange Commission. The institutional investor owned 817,453 shares of the company’s stock after purchasing an additional 347,412 shares during the period. Vanguard Growth ETF makes up approximately 4.0% of Merit Financial Group LLC’s investment portfolio, making the stock its biggest position. Merit Financial Group LLC’s holdings in Vanguard Growth ETF were worth $358,372,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Innovative Wealth Building LLC boosted its stake in Vanguard Growth ETF by 27.7% during the second quarter. Innovative Wealth Building LLC now owns 2,592 shares of the company’s stock valued at $1,136,000 after buying an additional 562 shares during the last quarter. Alta Wealth Advisors LLC raised its holdings in shares of Vanguard Growth ETF by 5.4% during the 2nd quarter. Alta Wealth Advisors LLC now owns 4,320 shares of the company’s stock worth $1,894,000 after acquiring an additional 221 shares in the last quarter. Gemmer Asset Management LLC boosted its position in shares of Vanguard Growth ETF by 2.3% during the 2nd quarter. Gemmer Asset Management LLC now owns 36,150 shares of the company’s stock valued at $15,848,000 after acquiring an additional 830 shares during the last quarter. Iron Horse Wealth Management LLC boosted its position in shares of Vanguard Growth ETF by 10.9% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 1,463 shares of the company’s stock valued at $641,000 after acquiring an additional 144 shares during the last quarter. Finally, OLD National Bancorp IN grew its holdings in shares of Vanguard Growth ETF by 7.3% in the second quarter. OLD National Bancorp IN now owns 5,685 shares of the company’s stock valued at $2,492,000 after purchasing an additional 386 shares in the last quarter.

Vanguard Growth ETF Stock Down 0.4%

Vanguard Growth ETF stock opened at $481.44 on Friday. The company has a market cap of $195.83 billion, a price-to-earnings ratio of 36.22 and a beta of 1.11. The firm’s fifty day moving average is $464.97 and its 200 day moving average is $424.29. Vanguard Growth ETF has a 52-week low of $316.14 and a 52-week high of $484.77.

Vanguard Growth ETF Profile

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.