Vanguard Information Technology ETF $VGT is Silicon Valley Capital Partners’ 2nd Largest Position

Silicon Valley Capital Partners raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 675.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 743,368 shares of the exchange traded fund’s stock after purchasing an additional 647,538 shares during the period. Vanguard Information Technology ETF accounts for approximately 8.1% of Silicon Valley Capital Partners’ investment portfolio, making the stock its 2nd largest holding. Silicon Valley Capital Partners owned about 0.06% of Vanguard Information Technology ETF worth $88,847,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its position 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 worth $10,539,605,000 after buying an additional 241,421 shares during the last quarter. JPMorgan Chase & Co. lifted its position 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 valued at $4,839,352,000 after acquiring an additional 252,341 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Vanguard Information Technology ETF by 657.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock valued at $565,516,000 after acquiring an additional 4,107,038 shares in the last quarter. HighTower Advisors LLC boosted its stake in Vanguard Information Technology ETF by 762.8% in the second quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock valued at $436,378,000 after acquiring an additional 3,227,909 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in 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 purchasing an additional 2,116,095 shares during the last quarter.

Vanguard Information Technology ETF Trading Up 2.7%

Shares of VGT stock traded up $3.25 during trading hours on Monday, reaching $125.56. 4,967,364 shares of the company’s stock were exchanged, compared to its average volume of 4,426,957. The stock’s 50 day moving average is $118.16 and its 200-day moving average is $109.99. The company has a market cap of $153.93 billion, a price-to-earnings ratio of 34.55 and a beta of 1.35. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00.

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.