SVB Wealth LLC Purchases 8,960 Shares of Vanguard Information Technology ETF $VGT

SVB Wealth LLC grew 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 13F filing with the Securities and Exchange Commission. The firm owned 10,240 shares of the exchange traded fund’s stock after acquiring an additional 8,960 shares during the period. SVB Wealth LLC’s holdings in Vanguard Information Technology ETF were worth $1,224,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Teamwork Financial Advisors LLC acquired a new position in Vanguard Information Technology ETF in the second quarter valued at approximately $258,000. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Vanguard Information Technology ETF by 673.4% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 16,071 shares of the exchange traded fund’s stock worth $1,921,000 after buying an additional 13,993 shares in the last quarter. NorthRock Partners LLC grew its position in shares of Vanguard Information Technology ETF by 2.9% during the 2nd quarter. NorthRock Partners LLC now owns 102,247 shares of the exchange traded fund’s stock worth $12,221,000 after buying an additional 2,918 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Vanguard Information Technology ETF by 739.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 206,955 shares of the exchange traded fund’s stock worth $24,735,000 after buying an additional 182,287 shares during the period. Finally, Community Bank N.A. increased its stake in shares of Vanguard Information Technology ETF by 698.0% in the 2nd quarter. Community Bank N.A. now owns 20,270 shares of the exchange traded fund’s stock valued at $2,423,000 after acquiring an additional 17,730 shares in the last quarter.

Vanguard Information Technology ETF Stock Down 0.1%

Vanguard Information Technology ETF stock opened at $120.89 on Thursday. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month high of $126.00. The firm’s fifty day moving average is $117.55 and its 200 day moving average is $108.60. The company has a market capitalization of $148.20 billion, a PE ratio of 34.55 and a beta of 1.35.

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.