12,440 Shares in Vanguard Information Technology ETF $VGT Acquired by Succession Financial Inc.

Succession Financial Inc. purchased a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,440 shares of the exchange traded fund’s stock, valued at approximately $1,487,000. Vanguard Information Technology ETF accounts for about 1.4% of Succession Financial Inc.’s investment portfolio, making the stock its 11th largest position.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in Vanguard Information Technology ETF by 1.6% in the first 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 acquiring an additional 241,421 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Vanguard Information Technology ETF by 4.1% during the fourth 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. Northwestern Mutual Wealth Management Co. increased its stake in Vanguard Information Technology ETF by 657.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock worth $565,516,000 after acquiring an additional 4,107,038 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Vanguard Information Technology ETF by 693.4% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock worth $289,390,000 after acquiring an additional 2,116,095 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Vanguard Information Technology ETF by 1.2% in the 4th quarter. Morgan Stanley now owns 2,151,255 shares of the exchange traded fund’s stock worth $1,621,574,000 after purchasing an additional 25,901 shares during the period.

Vanguard Information Technology ETF Price Performance

NYSEARCA VGT opened at $121.27 on Friday. The firm has a market capitalization of $148.67 billion, a P/E ratio of 34.55 and a beta of 1.35. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00. The business’s 50-day simple moving average is $117.35 and its 200-day simple moving average is $107.87.

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). 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.