Merit Financial Group LLC Buys 3,494 Shares of Vanguard Consumer Staples ETF $VDC

Merit Financial Group LLC raised its stake in Vanguard Consumer Staples ETF (NYSEARCA:VDC) by 19.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,663 shares of the company’s stock after purchasing an additional 3,494 shares during the quarter. Merit Financial Group LLC owned approximately 0.06% of Vanguard Consumer Staples ETF worth $4,630,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VDC. Beacon Capital Management Inc. grew its stake in shares of Vanguard Consumer Staples ETF by 194.7% in the second quarter. Beacon Capital Management Inc. now owns 567,968 shares of the company’s stock valued at $124,385,000 after buying an additional 375,243 shares in the last quarter. Laurel Wealth Advisors LLC grew its position in shares of Vanguard Consumer Staples ETF by 39,618.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 268,494 shares of the company’s stock valued at $58,800,000 after acquiring an additional 267,818 shares during the period. PGIM Custom Harvest LLC grew its position in shares of Vanguard Consumer Staples ETF by 24.4% in the 2nd quarter. PGIM Custom Harvest LLC now owns 445,234 shares of the company’s stock valued at $97,506,000 after acquiring an additional 87,452 shares during the period. Bank of America Corp DE increased its stake in shares of Vanguard Consumer Staples ETF by 1.7% during the 2nd quarter. Bank of America Corp DE now owns 4,015,657 shares of the company’s stock worth $879,429,000 after purchasing an additional 65,341 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Vanguard Consumer Staples ETF by 17.5% in the 2nd quarter. Osaic Holdings Inc. now owns 152,514 shares of the company’s stock valued at $33,435,000 after purchasing an additional 22,747 shares during the period.

Vanguard Consumer Staples ETF Stock Performance

Shares of NYSEARCA:VDC opened at $242.63 on Tuesday. The company has a 50-day simple moving average of $221.62 and a 200 day simple moving average of $217.70. The company has a market capitalization of $8.31 billion, a P/E ratio of 22.76 and a beta of 0.56. Vanguard Consumer Staples ETF has a 52-week low of $202.96 and a 52-week high of $244.00.

Vanguard Consumer Staples ETF Company Profile

Vanguard Consumer Staples ETF (the Fund) is an exchange-traded share class of Vanguard Consumer Staples Index Fund, which seeks to track the investment performance of the MSCI US Investable Market Consumer Staples 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the consumer staples sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies whose businesses are less sensitive to economic cycles. It includes manufacturers and distributors of food, beverages, and tobacco, as well as producers of nondurable household goods and personal products.