First Merchants Corp grew its position in Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 744.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 331,585 shares of the exchange traded fund’s stock after purchasing an additional 292,331 shares during the quarter. Vanguard Information Technology ETF makes up about 1.4% of First Merchants Corp’s portfolio, making the stock its 17th largest position. First Merchants Corp’s holdings in Vanguard Information Technology ETF were worth $39,631,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of VGT. Clark Asset Management LLC grew its holdings in Vanguard Information Technology ETF by 1,004.8% during the 2nd quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock worth $659,000 after acquiring an additional 5,014 shares during the period. Baron Financial Group LLC lifted its stake in shares of Vanguard Information Technology ETF by 700.0% in the 2nd quarter. Baron Financial Group LLC now owns 5,024 shares of the exchange traded fund’s stock valued at $600,000 after purchasing an additional 4,396 shares during the period. Ballast Inc. boosted its position in shares of Vanguard Information Technology ETF by 848.4% during the 2nd quarter. Ballast Inc. now owns 50,009 shares of the exchange traded fund’s stock valued at $5,977,000 after purchasing an additional 44,736 shares in the last quarter. Abound Wealth Management boosted its position in shares of Vanguard Information Technology ETF by 668.5% during the 2nd quarter. Abound Wealth Management now owns 5,103 shares of the exchange traded fund’s stock valued at $610,000 after purchasing an additional 4,439 shares in the last quarter. Finally, Focus Financial Network Inc. boosted its position in shares of Vanguard Information Technology ETF by 234.1% during the 2nd quarter. Focus Financial Network Inc. now owns 23,788 shares of the exchange traded fund’s stock valued at $2,843,000 after purchasing an additional 16,669 shares in the last quarter.
Vanguard Information Technology ETF Price Performance
NYSEARCA VGT opened at $122.99 on Friday. The stock has a market capitalization of $150.77 billion, a P/E ratio of 34.55 and a beta of 1.34. The business has a 50 day simple moving average of $116.44 and a 200 day simple moving average of $104.99. Vanguard Information Technology ETF has a one year low of $83.09 and a one year high of $126.00.
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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