Merit Financial Group LLC Boosts Position in Vanguard Value ETF $VTV

Merit Financial Group LLC grew its stake in shares of Vanguard Value ETF (NYSEARCA:VTV) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 892,908 shares of the company’s stock after purchasing an additional 16,934 shares during the quarter. Vanguard Value ETF makes up approximately 1.5% of Merit Financial Group LLC’s portfolio, making the stock its 10th biggest position. Merit Financial Group LLC owned 0.11% of Vanguard Value ETF worth $166,518,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VTV. Bank of America Corp DE raised its stake in shares of Vanguard Value ETF by 3.1% during the second quarter. Bank of America Corp DE now owns 128,140,618 shares of the company’s stock valued at $22,647,573,000 after acquiring an additional 3,837,576 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Vanguard Value ETF by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,792,247 shares of the company’s stock valued at $3,674,798,000 after purchasing an additional 578,461 shares during the period. TIAA Trust National Association increased its position in Vanguard Value ETF by 0.6% during the 2nd quarter. TIAA Trust National Association now owns 6,541,318 shares of the company’s stock valued at $1,156,112,000 after purchasing an additional 42,087 shares during the period. Captrust Financial Advisors raised its holdings in Vanguard Value ETF by 3.9% in the 2nd quarter. Captrust Financial Advisors now owns 5,865,616 shares of the company’s stock worth $1,036,689,000 after purchasing an additional 220,861 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Vanguard Value ETF by 2.4% in the 2nd quarter. D.A. Davidson & CO. now owns 5,309,040 shares of the company’s stock worth $938,320,000 after purchasing an additional 124,233 shares during the period.

Vanguard Value ETF Trading Up 0.7%

Shares of VTV opened at $206.13 on Tuesday. Vanguard Value ETF has a 1-year low of $150.43 and a 1-year high of $208.20. The firm’s 50-day moving average price is $196.92 and its 200-day moving average price is $189.06. The firm has a market capitalization of $170.13 billion, a price-to-earnings ratio of 18.14 and a beta of 0.82.

About Vanguard Value ETF

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. The Index represents the value companies of the MSCI US Prime Market 750 Index. The MSCI US Prime Market 750 Index represents the universe of predominantly large-capitalization companies in the United States equity market.