Vanguard Information Technology ETF $VGT Stock Position Lifted by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 689.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 275,257 shares of the exchange traded fund’s stock after buying an additional 240,370 shares during the quarter. Mercer Global Advisors Inc. ADV owned 0.19% of Vanguard Information Technology ETF worth $205,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jefferies Financial Group Inc. acquired a new stake in Vanguard Information Technology ETF during the third quarter valued at $1,680,300,000. Laurel Wealth Advisors LLC increased its position in Vanguard Information Technology ETF by 210,235.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,487,074 shares of the exchange traded fund’s stock worth $986,346,000 after purchasing an additional 1,486,367 shares during the last quarter. Focus Partners Wealth increased its position in Vanguard Information Technology ETF by 1,665.5% in the 3rd quarter. Focus Partners Wealth now owns 725,567 shares of the exchange traded fund’s stock worth $541,734,000 after purchasing an additional 684,470 shares during the last quarter. PGIM Custom Harvest LLC raised its stake in shares of Vanguard Information Technology ETF by 48.7% during the 2nd quarter. PGIM Custom Harvest LLC now owns 781,415 shares of the exchange traded fund’s stock worth $518,297,000 after purchasing an additional 255,787 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its stake in shares of Vanguard Information Technology ETF by 2,925.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 152,433 shares of the exchange traded fund’s stock worth $101,106,000 after purchasing an additional 147,394 shares in the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of Vanguard Information Technology ETF stock opened at $724.95 on Tuesday. The firm has a market cap of $108.48 billion, a price-to-earnings ratio of 34.55 and a beta of 1.25. The stock has a 50-day simple moving average of $742.94 and a 200-day simple moving average of $747.63. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $806.99.

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). 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.