SteelPeak Wealth LLC Raises Stock Holdings in Vanguard Information Technology ETF $VGT

SteelPeak Wealth LLC lifted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 510.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,085 shares of the exchange traded fund’s stock after acquiring an additional 13,449 shares during the period. SteelPeak Wealth LLC’s holdings in Vanguard Information Technology ETF were worth $11,223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VGT. JPMorgan Chase & Co. boosted its stake in shares of 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 worth $4,839,352,000 after purchasing an additional 252,341 shares during the last quarter. Morgan Stanley raised its position in shares of Vanguard Information Technology ETF by 1.2% in the fourth 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 during the last quarter. Wells Fargo & Company MN raised its position in shares of Vanguard Information Technology ETF by 1.2% in 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 last quarter. LPL Financial LLC raised its position in shares of Vanguard Information Technology ETF by 3.1% in 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 last quarter. Finally, Focus Partners Wealth lifted its stake in shares of Vanguard Information Technology ETF by 78.8% during the fourth quarter. Focus Partners Wealth now owns 1,297,055 shares of the exchange traded fund’s stock valued at $977,603,000 after buying an additional 571,488 shares during the period.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA VGT opened at $114.24 on Friday. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $126.00. The firm’s 50 day moving average price is $116.66 and its 200 day moving average price is $101.95. The firm has a market cap of $140.05 billion, a P/E ratio of 34.55 and a beta of 1.34.

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.