United Community Bank Grows Position in Vanguard Information Technology ETF $VGT

United Community Bank boosted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,120 shares of the exchange traded fund’s stock after acquiring an additional 5,355 shares during the quarter. United Community Bank’s holdings in Vanguard Information Technology ETF were worth $731,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position 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 during the last quarter. JPMorgan Chase & Co. raised its holdings 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. Northwestern Mutual Wealth Management Co. lifted its position in shares of Vanguard Information Technology ETF by 657.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock worth $565,516,000 after purchasing an additional 4,107,038 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Vanguard Information Technology ETF by 693.4% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock worth $289,390,000 after purchasing an additional 2,116,095 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of 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 in the last quarter.

Vanguard Information Technology ETF Price Performance

NYSEARCA:VGT opened at $120.88 on Friday. The firm has a market capitalization of $148.19 billion, a PE ratio of 34.55 and a beta of 1.35. The business’s fifty day moving average price is $117.20 and its 200 day moving average price is $107.77. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month 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.