Exchange Traded Concepts LLC recently increased its stake in Merck & Co., Inc. (NYSE:MRK) by 28% in the second quarter, according to a recent filing with the SEC.
The company now owns 113,353 shares of Merck's stock, worth approximately $14.57 million as of its most recent filing.
This is not an isolated event; other institutional investors have also been adding to their stakes in Merck & Co., Inc.
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