Hennion & Walsh Asset Management Inc. Buys 43,827 Shares of Vanguard Information Technology ETF $VGT

Hennion & Walsh Asset Management Inc. increased its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 561.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 51,638 shares of the exchange traded fund’s stock after buying an additional 43,827 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Vanguard Information Technology ETF were worth $6,172,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of America Corp DE lifted 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 worth $10,539,605,000 after purchasing an additional 241,421 shares in the last quarter. JPMorgan Chase & Co. grew its holdings 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 valued at $4,839,352,000 after buying an additional 252,341 shares in the last quarter. Morgan Stanley grew its holdings in Vanguard Information Technology ETF by 1.2% during the 4th quarter. Morgan Stanley now owns 2,151,255 shares of the exchange traded fund’s stock valued at $1,621,574,000 after buying an additional 25,901 shares in the last quarter. Wells Fargo & Company MN increased its position 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 buying an additional 18,634 shares during the period. Finally, LPL Financial LLC increased its position in shares of Vanguard Information Technology ETF by 3.1% during the fourth quarter. LPL Financial LLC now owns 1,301,922 shares of the exchange traded fund’s stock valued at $981,363,000 after buying an additional 39,217 shares during the period.

Vanguard Information Technology ETF Stock Performance

Shares of Vanguard Information Technology ETF stock opened at $121.45 on Monday. The company’s 50-day moving average price is $116.67 and its 200-day moving average price is $104.21. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month high of $126.00. The company has a market cap of $148.89 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

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.