Virginia Retirement Systems ET Al Invests $79 Million in Merck & Co., Inc.

The Virginia Retirement Systems ET Al has made a significant investment in Merck & Co., Inc. by purchasing 619,138 shares of the company's stock for approximately $79.56 million during the second quarter.

This investment was revealed through a recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased these shares at an average price of around $128.77 per share, according to the SEC filing.

This is not the only significant investment in Merck & Co., Inc. recently, as other hedge funds and institutional investors have also modified their holdings of MRK in the second quarter. For example, Graney & King LLC boosted its holdings by 400% during this period.