Eastern Bank Grows Position in Vanguard Information Technology ETF $VGT

Eastern Bank lifted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 729.1% during the second quarter, Holdings Channel.com reports. The firm owned 7,122 shares of the exchange traded fund’s stock after acquiring an additional 6,263 shares during the period. Eastern Bank’s holdings in Vanguard Information Technology ETF were worth $851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Vanguard Information Technology ETF by 1.6% in the 1st 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 purchasing an additional 241,421 shares in the last quarter. Fifth Third Bancorp boosted its position in Vanguard Information Technology ETF by 143.1% during the first quarter. Fifth Third Bancorp now owns 118,764 shares of the exchange traded fund’s stock worth $82,864,000 after purchasing an additional 69,911 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in Vanguard Information Technology ETF by 829.2% in the first quarter. Diversify Wealth Management LLC now owns 101,732 shares of the exchange traded fund’s stock valued at $70,980,000 after purchasing an additional 90,784 shares during the period. Avantax Planning Partners Inc. grew its holdings in Vanguard Information Technology ETF by 213.5% in the first quarter. Avantax Planning Partners Inc. now owns 7,079 shares of the exchange traded fund’s stock valued at $4,939,000 after purchasing an additional 4,821 shares during the period. Finally, Everest Financial Group LLC acquired a new stake in Vanguard Information Technology ETF in the first quarter valued at approximately $3,937,000.

Vanguard Information Technology ETF Price Performance

Vanguard Information Technology ETF stock opened at $120.15 on Wednesday. The stock has a market capitalization of $147.29 billion, a PE ratio of 34.55 and a beta of 1.34. The business has a 50 day simple moving average of $116.60 and a 200-day simple moving average of $103.67. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00.

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). 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.