Gateway Investment Advisers LLC Has $558,000 Stock Holdings in Vanguard Information Technology ETF $VGT

Gateway Investment Advisers LLC boosted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 1,047.7% in the second quarter, Holdings Channel reports. The institutional investor owned 4,671 shares of the exchange traded fund’s stock after acquiring an additional 4,264 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Vanguard Information Technology ETF were worth $558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of 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 worth $10,539,605,000 after acquiring an additional 241,421 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 in the last quarter. Morgan Stanley boosted its position in 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 valued at $1,621,574,000 after purchasing an additional 25,901 shares during the last quarter. Wells Fargo & Company MN boosted its position in 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 purchasing an additional 18,634 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. boosted its position in Vanguard Information Technology ETF by 690.1% during the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 1,378,210 shares of the exchange traded fund’s stock valued at $164,724,000 after purchasing an additional 1,203,781 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT opened at $122.56 on Friday. The business’s 50-day moving average price is $116.58 and its two-hundred day moving average price is $105.11. Vanguard Information Technology ETF has a one year low of $83.09 and a one year high of $126.00. The company has a market capitalization of $150.25 billion, a P/E 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.