Thomasville National Bank bought a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 46,384 shares of the exchange traded fund’s stock, valued at approximately $5,544,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of VGT. Bank of America Corp DE boosted its holdings in Vanguard Information Technology ETF by 1.6% during the 1st quarter. Bank of America Corp DE now owns 15,105,780 shares of the exchange traded fund’s stock valued at $10,539,605,000 after acquiring an additional 241,421 shares during the period. JPMorgan Chase & Co. increased its stake in Vanguard Information Technology ETF by 4.1% in the fourth quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock worth $4,839,352,000 after purchasing an additional 252,341 shares during the period. Morgan Stanley lifted its position in shares of Vanguard Information Technology ETF by 1.2% during the fourth quarter. Morgan Stanley now owns 2,151,255 shares of the exchange traded fund’s stock worth $1,621,574,000 after purchasing an additional 25,901 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Vanguard Information Technology ETF by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,543,645 shares of the exchange traded fund’s stock valued at $1,163,569,000 after purchasing an additional 18,634 shares during the period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in shares of Vanguard Information Technology ETF by 690.1% during the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 1,378,210 shares of the exchange traded fund’s stock valued at $164,724,000 after purchasing an additional 1,203,781 shares during the period.
Vanguard Information Technology ETF Trading Down 0.3%
NYSEARCA VGT opened at $122.56 on Friday. The stock has a market cap of $150.25 billion, a PE ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The company’s 50-day moving average price is $116.58 and its 200-day moving average price is $105.11.
Vanguard Information Technology ETF Profile
Vanguard Information Technology ETF seeks to track the investment performance of the MSCI US Investable Market Information Technology 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the information technology sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.
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