First Merchants Corp reduced its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 12.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 319,642 shares of the exchange traded fund’s stock after selling 45,301 shares during the period. Vanguard Information Technology ETF accounts for approximately 1.3% of First Merchants Corp’s investment portfolio, making the stock its 17th biggest position. First Merchants Corp’s holdings in Vanguard Information Technology ETF were worth $40,169,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of Vanguard Information Technology ETF by 1.6% in 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 buying an additional 241,421 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Vanguard Information Technology ETF by 657.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock valued at $565,516,000 after buying an additional 4,107,038 shares during the period. HighTower Advisors LLC increased its stake in shares of Vanguard Information Technology ETF by 762.8% in the second quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock valued at $436,378,000 after buying an additional 3,227,909 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Vanguard Information Technology ETF by 817.3% in the second quarter. Envestnet Asset Management Inc. now owns 3,330,327 shares of the exchange traded fund’s stock valued at $398,041,000 after buying an additional 2,967,256 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Vanguard Information Technology ETF by 693.4% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock worth $289,390,000 after acquiring an additional 2,116,095 shares during the last quarter.
Vanguard Information Technology ETF Price Performance
Shares of VGT opened at $122.34 on Friday. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $130.66. The company has a market capitalization of $150.49 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The business has a 50-day moving average of $122.55 and a 200-day moving average of $114.88.
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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