Evanson Financial LLC purchased a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) during the second quarter, HoldingsChannel.com reports. The firm purchased 24,658 shares of the exchange traded fund’s stock, valued at approximately $2,947,000.
Several other large investors have also recently added to or reduced their stakes in the company. Systematic Alpha Investments LLC increased its holdings in shares of Vanguard Information Technology ETF by 700.0% during the first quarter. Systematic Alpha Investments LLC now owns 658,400 shares of the exchange traded fund’s stock worth $459,379,000 after buying an additional 576,100 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Vanguard Information Technology ETF by 78.8% in the 4th quarter. Focus Partners Wealth now owns 1,297,055 shares of the exchange traded fund’s stock worth $977,603,000 after acquiring an additional 571,488 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Vanguard Information Technology ETF by 642.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351,436 shares of the exchange traded fund’s stock worth $42,004,000 after acquiring an additional 304,127 shares during the last quarter. JPMorgan Chase & Co. grew its position in Vanguard Information Technology ETF by 4.1% during the 4th quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock worth $4,839,352,000 after acquiring an additional 252,341 shares during the last quarter. Finally, Bank of America Corp DE increased 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 purchasing an additional 241,421 shares in the last quarter.
Vanguard Information Technology ETF Price Performance
VGT stock opened at $119.60 on Friday. The business has a fifty day moving average price of $116.66 and a 200 day moving average price of $104.02. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00. The stock has a market capitalization of $146.62 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.
Vanguard Information Technology ETF Company 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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