The Manufacturers Life Insurance Company Acquires 465,647 Shares of Vanguard Information Technology ETF $VGT

The Manufacturers Life Insurance Company grew its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 2,898.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 481,712 shares of the exchange traded fund’s stock after buying an additional 465,647 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vanguard Information Technology ETF were worth $57,574,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VGT. Bank of America Corp DE increased its stake in Vanguard Information Technology ETF by 1.6% during the first quarter. Bank of America Corp DE now owns 15,105,780 shares of the exchange traded fund’s stock worth $10,539,605,000 after acquiring an additional 241,421 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Vanguard Information Technology ETF by 4.1% in the 4th quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock valued at $4,839,352,000 after purchasing an additional 252,341 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Vanguard Information Technology ETF by 657.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock valued at $565,516,000 after purchasing an additional 4,107,038 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Vanguard Information Technology ETF by 762.8% in the 2nd quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock valued at $436,378,000 after purchasing an additional 3,227,909 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Vanguard Information Technology ETF by 693.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock worth $289,390,000 after purchasing an additional 2,116,095 shares during the period.

Vanguard Information Technology ETF Stock Performance

NYSEARCA VGT opened at $121.07 on Friday. The company has a market cap of $148.42 billion, a P/E ratio of 34.55 and a beta of 1.35. The business’s 50 day moving average price is $117.78 and its 200-day moving average price is $108.88. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00.

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.