Hennion & Walsh Asset Management Inc. Grows Stock Position in Vanguard Information Technology ETF $VGT

Hennion & Walsh Asset Management Inc. raised its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 561.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,638 shares of the exchange traded fund’s stock after buying an additional 43,827 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Vanguard Information Technology ETF were worth $6,172,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of Vanguard Information Technology ETF by 1.6% during the 1st quarter. Bank of America Corp DE now owns 15,105,780 shares of the exchange traded fund’s stock worth $10,539,605,000 after acquiring an additional 241,421 shares during the period. JPMorgan Chase & Co. lifted its holdings in Vanguard Information Technology ETF by 4.1% during 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 purchasing an additional 252,341 shares during the last quarter. Morgan Stanley boosted its position in Vanguard Information Technology ETF by 1.2% during the fourth quarter. Morgan Stanley now owns 2,151,255 shares of the exchange traded fund’s stock worth $1,621,574,000 after purchasing an additional 25,901 shares during the period. Wells Fargo & Company MN boosted its position in Vanguard Information Technology ETF by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,543,645 shares of the exchange traded fund’s stock worth $1,163,569,000 after purchasing an additional 18,634 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Vanguard Information Technology ETF by 3.1% in the fourth quarter. LPL Financial LLC now owns 1,301,922 shares of the exchange traded fund’s stock worth $981,363,000 after purchasing an additional 39,217 shares in the last quarter.

Vanguard Information Technology ETF Price Performance

VGT opened at $121.45 on Monday. The firm has a 50-day moving average price of $116.67 and a 200-day moving average price of $104.21. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $126.00. The company has a market capitalization of $148.89 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.