Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in Vanguard Information Technology ETF $VGT

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 946.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,167 shares of the exchange traded fund’s stock after purchasing an additional 117,725 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Vanguard Information Technology ETF were worth $15,558,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. purchased a new position in Vanguard Information Technology ETF in the fourth quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Vanguard Information Technology ETF by 497.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 194 shares during the last quarter. Wells Financial Advisors INC purchased a new stake in Vanguard Information Technology ETF during the fourth quarter worth $29,000. RHL Group LLC acquired a new stake in Vanguard Information Technology ETF in the fourth quarter valued at $31,000. Finally, Jessup Wealth Management Inc acquired a new stake in Vanguard Information Technology ETF in the fourth quarter valued at $31,000.

Vanguard Information Technology ETF Price Performance

Shares of VGT stock opened at $122.56 on Monday. The stock has a market cap of $150.25 billion, a P/E ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00. The business has a fifty day simple moving average of $116.58 and a 200-day simple moving average of $105.18.

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.