Vanguard Information Technology ETF $VGT is Silicon Valley Capital Partners’ 2nd Largest Position

Silicon Valley Capital Partners increased its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 675.7% in the second quarter, Holdings Channel reports. The firm owned 743,368 shares of the exchange traded fund’s stock after purchasing an additional 647,538 shares during the period. Vanguard Information Technology ETF comprises 8.1% of Silicon Valley Capital Partners’ holdings, making the stock its 2nd largest position. Silicon Valley Capital Partners’ holdings in Vanguard Information Technology ETF were worth $88,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of VGT. Bank of America Corp DE increased its stake in 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 valued at $10,539,605,000 after purchasing an additional 241,421 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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 buying an additional 252,341 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Vanguard Information Technology ETF by 1.2% in 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 during the period. LPL Financial LLC increased its position in shares of Vanguard Information Technology ETF by 3.1% in the 4th quarter. LPL Financial LLC now owns 1,301,922 shares of the exchange traded fund’s stock valued at $981,363,000 after acquiring an additional 39,217 shares during the period. Finally, Focus Partners Wealth raised its stake in Vanguard Information Technology ETF by 78.8% in the 4th quarter. Focus Partners Wealth now owns 1,297,055 shares of the exchange traded fund’s stock worth $977,603,000 after acquiring an additional 571,488 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

VGT traded up $3.25 on Monday, reaching $125.56. 4,967,364 shares of the stock were exchanged, compared to its average volume of 4,426,957. The company’s 50-day moving average price is $118.16 and its 200 day moving average price is $109.99. The firm has a market capitalization of $153.93 billion, a PE ratio of 34.55 and a beta of 1.35. 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.