Larry Mathis Financial Planning LLC Takes $19.16 Million Position in Vanguard Information Technology ETF $VGT

Larry Mathis Financial Planning LLC acquired a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 160,322 shares of the exchange traded fund’s stock, valued at approximately $19,162,000. Vanguard Information Technology ETF makes up approximately 8.1% of Larry Mathis Financial Planning LLC’s investment portfolio, making the stock its 3rd largest position.

Several other institutional investors have also recently added to or reduced their stakes in VGT. Bank of America Corp DE raised its position in shares of Vanguard Information Technology ETF by 1.6% in the first quarter. Bank of America Corp DE now owns 15,105,780 shares of the exchange traded fund’s stock valued at $10,539,605,000 after buying an additional 241,421 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Vanguard Information Technology ETF by 4.1% in the 4th 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 in the last quarter. Morgan Stanley lifted 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 valued at $1,621,574,000 after buying an additional 25,901 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Vanguard Information Technology ETF by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,543,645 shares of the exchange traded fund’s stock valued at $1,163,569,000 after acquiring an additional 18,634 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in shares of Vanguard Information Technology ETF by 690.1% during the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 1,378,210 shares of the exchange traded fund’s stock worth $164,724,000 after purchasing an additional 1,203,781 shares in the last quarter.

Vanguard Information Technology ETF Stock Down 2.2%

NYSEARCA VGT opened at $119.79 on Wednesday. The stock has a market cap of $146.85 billion, a PE ratio of 34.55 and a beta of 1.34. The business has a 50 day moving average price of $116.78 and a two-hundred day moving average price of $105.53. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00.

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.