Nissay Asset Management Corp Japan Raises Stock Position in Vanguard Information Technology ETF $VGT

Nissay Asset Management Corp Japan increased its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,637,816 shares of the exchange traded fund’s stock after purchasing an additional 1,433,089 shares during the period. Vanguard Information Technology ETF accounts for about 0.8% of Nissay Asset Management Corp Japan’s holdings, making the stock its 25th biggest holding. Nissay Asset Management Corp Japan’s holdings in Vanguard Information Technology ETF were worth $195,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Vanguard Information Technology ETF by 693.4% in 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 buying an additional 2,116,095 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in Vanguard Information Technology ETF by 690.1% in the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 1,378,210 shares of the exchange traded fund’s stock worth $164,724,000 after acquiring an additional 1,203,781 shares during the period. Taiyo Life Insurance Co. boosted its holdings in Vanguard Information Technology ETF by 700.0% in the 2nd quarter. Taiyo Life Insurance Co. now owns 1,352,000 shares of the exchange traded fund’s stock worth $161,591,000 after acquiring an additional 1,183,000 shares during the period. Armstrong Advisory Group Inc. grew its position in Vanguard Information Technology ETF by 704.1% in the second quarter. Armstrong Advisory Group Inc. now owns 1,027,235 shares of the exchange traded fund’s stock valued at $122,775,000 after acquiring an additional 899,479 shares in the last quarter. Finally, Bailard Inc. raised its stake in shares of Vanguard Information Technology ETF by 703.9% during the second quarter. Bailard Inc. now owns 912,145 shares of the exchange traded fund’s stock valued at $109,020,000 after purchasing an additional 798,678 shares during the period.

Vanguard Information Technology ETF Trading Down 1.5%

Shares of VGT stock opened at $120.07 on Friday. The firm has a fifty day simple moving average of $116.96 and a 200-day simple moving average of $106.91. The company has a market capitalization of $147.20 billion, a PE ratio of 34.55 and a beta of 1.34. 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.