Highland Financial Advisors LLC Buys 9,468 Shares of Vanguard Information Technology ETF $VGT

Highland Financial Advisors LLC lifted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 309.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,532 shares of the exchange traded fund’s stock after buying an additional 9,468 shares during the period. Highland Financial Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $1,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE increased its position in Vanguard Information Technology ETF by 1.6% during 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 buying an additional 241,421 shares in the last quarter. JPMorgan Chase & Co. grew its position in Vanguard Information Technology ETF by 4.1% during the fourth quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock valued at $4,839,352,000 after buying an additional 252,341 shares during the period. Morgan Stanley raised its holdings in Vanguard Information Technology ETF by 1.2% in the 4th quarter. Morgan Stanley now owns 2,151,255 shares of the exchange traded fund’s stock worth $1,621,574,000 after purchasing an additional 25,901 shares during the period. Wells Fargo & Company MN raised its stake in shares of Vanguard Information Technology ETF by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,543,645 shares of the exchange traded fund’s stock worth $1,163,569,000 after buying an additional 18,634 shares during the period. Finally, LPL Financial LLC grew its position in shares of Vanguard Information Technology ETF by 3.1% in the fourth quarter. LPL Financial LLC now owns 1,301,922 shares of the exchange traded fund’s stock valued at $981,363,000 after purchasing an additional 39,217 shares during the period.

Vanguard Information Technology ETF Stock Performance

Vanguard Information Technology ETF stock opened at $120.25 on Tuesday. The company’s 50 day simple moving average is $116.59 and its 200-day simple moving average is $104.40. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $126.00. The company has a market capitalization of $147.42 billion, a price-to-earnings 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.