Leavell Investment Management Inc. Boosts Stake in Vanguard Information Technology ETF $VGT

Leavell Investment Management Inc. boosted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 696.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,495 shares of the exchange traded fund’s stock after buying an additional 101,862 shares during the period. Leavell Investment Management Inc.’s holdings in Vanguard Information Technology ETF were worth $13,924,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. First Merchants Corp lifted its stake in shares of Vanguard Information Technology ETF by 744.7% in the 2nd quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock valued at $39,631,000 after purchasing an additional 292,331 shares during the last quarter. Clark Asset Management LLC boosted its holdings in shares of Vanguard Information Technology ETF by 1,004.8% in the 2nd quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock worth $659,000 after purchasing an additional 5,014 shares during the period. Baron Financial Group LLC increased its position in shares of Vanguard Information Technology ETF by 700.0% during the 2nd quarter. Baron Financial Group LLC now owns 5,024 shares of the exchange traded fund’s stock valued at $600,000 after purchasing an additional 4,396 shares during the last quarter. Ballast Inc. increased its position in shares of Vanguard Information Technology ETF by 848.4% during the 2nd quarter. Ballast Inc. now owns 50,009 shares of the exchange traded fund’s stock valued at $5,977,000 after purchasing an additional 44,736 shares during the last quarter. Finally, Abound Wealth Management increased its position in shares of Vanguard Information Technology ETF by 668.5% during the 2nd quarter. Abound Wealth Management now owns 5,103 shares of the exchange traded fund’s stock valued at $610,000 after purchasing an additional 4,439 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

NYSEARCA:VGT opened at $122.56 on Monday. The firm has a market capitalization of $150.25 billion, a PE ratio of 34.55 and a beta of 1.34. The stock’s fifty day moving average is $116.58 and its 200 day moving average is $105.18. 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.