Pinnacle Wealth Management Advisory Group LLC Boosts Stock Position in Vanguard Information Technology ETF $VGT

Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 12.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,254 shares of the exchange traded fund’s stock after purchasing an additional 140 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vanguard Information Technology ETF were worth $832,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of VGT. Kingstone Capital Partners Texas LLC bought a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter worth about $773,405,000. CHURCHILL MANAGEMENT Corp purchased a new position in Vanguard Information Technology ETF in the second quarter worth about $454,530,000. JPMorgan Chase & Co. grew its position in Vanguard Information Technology ETF by 6.2% in the first quarter. JPMorgan Chase & Co. now owns 6,125,779 shares of the exchange traded fund’s stock worth $3,322,550,000 after acquiring an additional 359,822 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Vanguard Information Technology ETF by 210.4% during the first quarter. Jones Financial Companies Lllp now owns 88,334 shares of the exchange traded fund’s stock worth $47,911,000 after acquiring an additional 59,877 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Vanguard Information Technology ETF by 8.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 623,405 shares of the exchange traded fund’s stock valued at $338,123,000 after purchasing an additional 50,870 shares during the period.

Vanguard Information Technology ETF Price Performance

NYSEARCA:VGT opened at $761.37 on Monday. The firm has a market capitalization of $112.64 billion, a price-to-earnings ratio of 34.55 and a beta of 1.25. The business has a 50 day simple moving average of $747.14 and a 200-day simple moving average of $680.86. Vanguard Information Technology ETF has a 1 year low of $451.00 and a 1 year high of $806.99.

About Vanguard Information Technology ETF

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).