Vanguard Information Technology ETF $VGT Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC lifted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 64.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 162,236 shares of the exchange traded fund’s stock after acquiring an additional 63,687 shares during the period. Parallel Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $20,388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VGT. HighTower Advisors LLC boosted its stake in Vanguard Information Technology ETF by 762.8% during the 2nd quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock valued at $436,378,000 after purchasing an additional 3,227,909 shares during the period. Florida Trust Wealth Management Co grew its holdings in Vanguard Information Technology ETF by 725.8% in the 2nd quarter. Florida Trust Wealth Management Co now owns 21,736 shares of the exchange traded fund’s stock valued at $2,598,000 after buying an additional 19,104 shares during the last quarter. First Merchants Corp grew its holdings in 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 buying an additional 292,331 shares during the last quarter. Innovative Wealth Building LLC increased its position in Vanguard Information Technology ETF by 748.5% in the 2nd quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock worth $7,003,000 after buying an additional 51,687 shares during the period. Finally, Polaris Financial Partners bought a new position in Vanguard Information Technology ETF in the 3rd quarter worth approximately $4,014,000.

Vanguard Information Technology ETF Stock Up 1.4%

Shares of VGT stock traded up $1.45 during trading hours on Friday, reaching $108.51. 9,471,211 shares of the company’s stock were exchanged, compared to its average volume of 4,576,137. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $130.66. The stock has a market capitalization of $134.64 billion, a P/E ratio of 34.55 and a beta of 1.36. The business has a fifty day moving average price of $121.84 and a 200-day moving average price of $109.73.

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.