Sovereign Financial Group Inc. Buys 400 Shares of Vanguard Information Technology ETF $VGT

Sovereign Financial Group Inc. raised its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 19.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,415 shares of the exchange traded fund’s stock after acquiring an additional 400 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Vanguard Information Technology ETF were worth $1,602,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Vanguard Information Technology ETF by 6.2% during the first quarter. JPMorgan Chase & Co. now owns 6,125,779 shares of the exchange traded fund’s stock valued at $3,322,550,000 after acquiring an additional 359,822 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Vanguard Information Technology ETF in the second quarter valued at about $773,405,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Vanguard Information Technology ETF by 7.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 726,684 shares of the exchange traded fund’s stock valued at $394,139,000 after buying an additional 51,893 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of Vanguard Information Technology ETF in the second quarter valued at about $454,530,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Vanguard Information Technology ETF by 8.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 623,405 shares of the exchange traded fund’s stock valued at $338,123,000 after buying an additional 50,870 shares during the last quarter.

Vanguard Information Technology ETF Stock Down 4.1%

Vanguard Information Technology ETF stock opened at $736.33 on Friday. The stock has a 50-day simple moving average of $717.25 and a 200 day simple moving average of $643.08. Vanguard Information Technology ETF has a 12-month low of $451.00 and a 12-month high of $771.58. The stock has a market capitalization of $108.94 billion, a price-to-earnings ratio of 34.55 and a beta of 1.16.

Vanguard Information Technology ETF Company 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).