Vanguard Information Technology ETF $VGT Stock Position Decreased by Exchange Capital Management Inc.

Exchange Capital Management Inc. reduced its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,090 shares of the exchange traded fund’s stock after selling 314 shares during the period. Vanguard Information Technology ETF accounts for 3.7% of Exchange Capital Management Inc.’s portfolio, making the stock its 2nd biggest holding. Exchange Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $24,601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of Vanguard Information Technology ETF by 6.2% during the 1st quarter. JPMorgan Chase & Co. now owns 6,125,779 shares of the exchange traded fund’s stock valued at $3,322,550,000 after buying an additional 359,822 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Vanguard Information Technology ETF during the 2nd quarter valued at about $773,405,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Vanguard Information Technology ETF by 7.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 726,684 shares of the exchange traded fund’s stock valued at $394,139,000 after buying an additional 51,893 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Vanguard Information Technology ETF during the 2nd quarter valued at about $454,530,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Vanguard Information Technology ETF by 8.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 623,405 shares of the exchange traded fund’s stock valued at $338,123,000 after buying an additional 50,870 shares in the last quarter.

Vanguard Information Technology ETF Stock Up 0.7%

VGT stock opened at $757.99 on Friday. The business’s 50-day moving average price is $709.05 and its 200-day moving average price is $634.66. Vanguard Information Technology ETF has a twelve month low of $451.00 and a twelve month high of $760.50. The stock has a market cap of $109.36 billion, a P/E ratio of 34.55 and a beta of 1.16.

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).