Gradient Investments LLC Purchases 4,570 Shares of Vanguard Information Technology ETF $VGT

Gradient Investments LLC grew its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 584.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,352 shares of the exchange traded fund’s stock after buying an additional 4,570 shares during the period. Gradient Investments LLC’s holdings in Vanguard Information Technology ETF were worth $640,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Systematic Alpha Investments LLC increased its stake in Vanguard Information Technology ETF by 700.0% during the 1st quarter. Systematic Alpha Investments LLC now owns 658,400 shares of the exchange traded fund’s stock worth $459,379,000 after purchasing an additional 576,100 shares in the last quarter. Focus Partners Wealth lifted its stake in Vanguard Information Technology ETF by 78.8% in 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Vanguard Information Technology ETF by 642.9% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 351,436 shares of the exchange traded fund’s stock valued at $42,004,000 after buying an additional 304,127 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Vanguard Information Technology ETF by 4.1% in 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 buying an additional 252,341 shares during the period. Finally, Bank of America Corp DE boosted its holdings 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 valued at $10,539,605,000 after buying an additional 241,421 shares during the period.

Vanguard Information Technology ETF Stock Down 1.0%

Shares of VGT stock opened at $120.25 on Tuesday. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month high of $126.00. The firm has a fifty day moving average of $116.59 and a 200-day moving average of $104.40. The company has a market capitalization of $147.42 billion, a price-to-earnings 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.