← Markets

Meridian Growth Fund

MRIGX · NASDAQ

Market closed$32.01$-0.200000 (-0.62%)

Key statistics

Previous close$32.21
Open$32.01
Day high$32.01
Day low$32.01
52-week high$34.72
52-week low$27.41
Market cap686.75M
Volume—
Average volume—
P/E ratio—
Forward P/E—
EPS—
Dividend yield0.00%

Market context

Why it moved

MRIGX edged lower amid thin trading volume and broad market pressure, with no specific catalysts identified to offset mild selling activity in the fund.

Instagram

What is happening

Recent company-specific developments and publisher coverage.

July 15, 2026Meridian Growth Fund held essentially unchanged in pre-market as a broadly constructive backdrop for asset managers emerges from Q2 earnings season. Wall Street's major banks — Goldman Sachs, JPMorgan, Citigroup, and Bank of America — all reported blowout quarters driven by record trading revenues and a 55% surge in investment banking fees, fueled by mega-deals and the historic SpaceX IPO. Cooler-than-expected June CPI (3.5% vs. 3.8% forecast) further lifted sentiment across financial services, reducing near-term Fed rate hike fears and pushing the XLF sector ETF higher in pre-market. Morningstar flagged AI disruption concerns and private credit cracks as overhangs for the broader asset management sector heading into Q3, though the strong dealmaking environment and rising AUM trends at peer firms offer a supportive backdrop for growth-oriented fund managers.

0.031

July 9, 2026Meridian Growth Fund edged lower as the broader financial services sector faces headwinds from escalating U.S.-Iran geopolitical tensions, which have pushed oil prices sharply higher and reignited inflation fears. With the S&P 500 trading cautiously and the XLF financial sector ETF holding near session lows, investor attention is firmly on the approaching Q2 earnings season—major banks including JPMorgan, Bank of America, Citigroup, and Wells Fargo are set to report July 14th, with S&P 500 earnings expected to rise ~24% year-over-year. UBS notes 'peak banking sector optimism' as valuations appear stretched, adding caution to near-term positioning in asset management names.

-1.0046

Peers

S&P 500SPX · $7,457.69-1.01%Brown Capital Management Small Company FundBCSIX · $22.70-0.70%John Hancock Financial Opportunities FundBTO · $40.18-1.30%Congress Mid Cap Growth FundCMIDX · $20.70-0.29%Fidelity Advisor Financial Services FundFFSIX · $42.59-1.05%Matthews Japan FundMIJFX · $27.52-1.50%Matthews India FundMINDX · $22.12+0.55%Virtus Equity & Convertible Income FundNIE · $26.21-1.17%Impax Small Cap Fund Institutional ClassPXSIX · $23.13-0.86%Schwab Balanced FundSWOBX · $18.66-0.64%