Vanguard Information Technology ETF $VGT Stake Boosted by Merit Financial Group LLC

Merit Financial Group LLC grew its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 27.6% in the 2nd quarter, Holdings Channel reports. The firm owned 17,389 shares of the exchange traded fund’s stock after acquiring an additional 3,761 shares during the quarter. Merit Financial Group LLC’s holdings in Vanguard Information Technology ETF were worth $11,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VGT. JPMorgan Chase & Co. lifted its stake in Vanguard Information Technology ETF by 6.2% in the first 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 during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Vanguard Information Technology ETF in the second quarter valued at $773,405,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Vanguard Information Technology ETF by 7.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 726,684 shares of the exchange traded fund’s stock worth $394,139,000 after acquiring an additional 51,893 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter worth about $454,530,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Vanguard Information Technology ETF by 8.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 623,405 shares of the exchange traded fund’s stock worth $338,123,000 after acquiring an additional 50,870 shares during the period.

Vanguard Information Technology ETF Trading Down 0.3%

NYSEARCA VGT opened at $755.67 on Friday. Vanguard Information Technology ETF has a 52 week low of $451.00 and a 52 week high of $762.83. The stock has a market cap of $109.02 billion, a price-to-earnings ratio of 34.55 and a beta of 1.16. The company has a 50-day moving average price of $710.39 and a two-hundred day moving average price of $636.51.

About Vanguard Information Technology ETF

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).