Eastern Bank Raises Stake in Vanguard Information Technology ETF $VGT

Eastern Bank raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 15.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 833 shares of the exchange traded fund’s stock after buying an additional 111 shares during the quarter. Eastern Bank’s holdings in Vanguard Information Technology ETF were worth $553,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in VGT. Cordant Inc. acquired a new position in shares of Vanguard Information Technology ETF in the 1st quarter valued at $28,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Vanguard Information Technology ETF in the 1st quarter valued at $28,000. Sawyer & Company Inc acquired a new position in shares of Vanguard Information Technology ETF in the 2nd quarter valued at $38,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Vanguard Information Technology ETF in the 1st quarter valued at $32,000. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of Vanguard Information Technology ETF in the 1st quarter valued at $33,000.

Vanguard Information Technology ETF Stock Down 4.1%

Shares of Vanguard Information Technology ETF stock opened at $736.33 on Friday. Vanguard Information Technology ETF has a 52 week low of $451.00 and a 52 week high of $771.58. The business’s fifty day simple moving average is $717.25 and its 200-day simple moving average is $643.08. The firm has a market cap of $108.94 billion, a PE ratio of 34.55 and a beta of 1.16.

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).