M.E. Allison & CO. Inc. Grows Holdings in Vanguard Information Technology ETF $VGT

M.E. Allison & CO. Inc. grew its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 690.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 9,909 shares of the exchange traded fund’s stock after purchasing an additional 8,656 shares during the quarter. M.E. Allison & CO. Inc.’s holdings in Vanguard Information Technology ETF were worth $1,184,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Systematic Alpha Investments LLC lifted its stake in shares of Vanguard Information Technology ETF by 700.0% during the first quarter. Systematic Alpha Investments LLC now owns 658,400 shares of the exchange traded fund’s stock valued at $459,379,000 after buying an additional 576,100 shares during the period. Focus Partners Wealth boosted its position in Vanguard Information Technology ETF by 78.8% during the fourth quarter. Focus Partners Wealth now owns 1,297,055 shares of the exchange traded fund’s stock worth $977,603,000 after acquiring an additional 571,488 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Vanguard Information Technology ETF by 642.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351,436 shares of the exchange traded fund’s stock worth $42,004,000 after acquiring an additional 304,127 shares during the period. JPMorgan Chase & Co. grew its stake in 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 worth $4,839,352,000 after acquiring an additional 252,341 shares during the period. Finally, Bank of America Corp DE raised its holdings in Vanguard Information Technology ETF by 1.6% in the 1st quarter. Bank of America Corp DE now owns 15,105,780 shares of the exchange traded fund’s stock valued at $10,539,605,000 after acquiring an additional 241,421 shares during the last quarter.

Vanguard Information Technology ETF Stock Down 0.4%

Shares of Vanguard Information Technology ETF stock opened at $119.72 on Thursday. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00. The business’s fifty day moving average is $116.65 and its two-hundred day moving average is $103.85. The firm has a market cap of $146.77 billion, a PE ratio of 34.55 and a beta of 1.34.

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.