Financial Life Advisors Buys 6,812 Shares of Vanguard Information Technology ETF $VGT

Financial Life Advisors raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 769.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,697 shares of the exchange traded fund’s stock after buying an additional 6,812 shares during the period. Financial Life Advisors’ holdings in Vanguard Information Technology ETF were worth $920,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of Vanguard Information Technology ETF by 1.6% in the 1st 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. grew its position 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 worth $4,839,352,000 after acquiring an additional 252,341 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 purchasing an additional 4,107,038 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Vanguard Information Technology ETF by 693.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock valued at $289,390,000 after acquiring an additional 2,116,095 shares during the period. Finally, Morgan Stanley raised its position in shares of Vanguard Information Technology ETF by 1.2% during the fourth quarter. Morgan Stanley now owns 2,151,255 shares of the exchange traded fund’s stock worth $1,621,574,000 after acquiring an additional 25,901 shares during the last quarter.

Vanguard Information Technology ETF Stock Up 0.3%

Shares of NYSEARCA VGT opened at $120.49 on Tuesday. The company has a market capitalization of $147.71 billion, a PE ratio of 34.55 and a beta of 1.34. The firm has a fifty day simple moving average of $116.96 and a 200 day simple moving average of $107.19. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $126.00.

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.