Vanguard Information Technology ETF $VGT Stock: Bell Bank Trims Holdings

Bell Bank decreased its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 68.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,248 shares of the exchange traded fund’s stock after selling 21,733 shares during the period. Bell Bank’s holdings in Vanguard Information Technology ETF were worth $1,288,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VGT. Northwestern Mutual Wealth Management Co. raised its position in Vanguard Information Technology ETF by 657.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock worth $565,516,000 after acquiring an additional 4,107,038 shares in the last quarter. HighTower Advisors LLC increased its holdings 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 in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Vanguard Information Technology ETF by 817.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,330,327 shares of the exchange traded fund’s stock valued at $398,041,000 after purchasing an additional 2,967,256 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased 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 valued at $289,390,000 after purchasing an additional 2,116,095 shares in the last quarter. Finally, Nissay Asset Management Corp Japan lifted its stake in shares of Vanguard Information Technology ETF by 700.0% in the second quarter. Nissay Asset Management Corp Japan now owns 1,637,816 shares of the exchange traded fund’s stock valued at $195,752,000 after purchasing an additional 1,433,089 shares during the period.

Vanguard Information Technology ETF Stock Down 0.1%

Shares of NYSEARCA VGT opened at $120.20 on Wednesday. The stock has a market capitalization of $147.85 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 52 week low of $83.09 and a 52 week high of $130.66. The firm has a 50-day moving average price of $122.50 and a 200 day moving average price of $115.58.

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). 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.