Ferguson Wellman Capital Management Inc. Buys 7,773 Shares of Vanguard Information Technology ETF $VGT

Ferguson Wellman Capital Management Inc. grew its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 1,009.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,543 shares of the exchange traded fund’s stock after purchasing an additional 7,773 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in VGT. Bank of America Corp DE increased its position 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 buying an additional 241,421 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Vanguard Information Technology ETF by 4.1% in the fourth 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Vanguard Information Technology ETF by 693.4% in the second 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 acquiring an additional 2,116,095 shares in the last quarter. Morgan Stanley grew its stake in Vanguard Information Technology ETF by 1.2% in the fourth quarter. Morgan Stanley now owns 2,151,255 shares of the exchange traded fund’s stock valued at $1,621,574,000 after acquiring an additional 25,901 shares during the period. Finally, Nissay Asset Management Corp Japan grew its stake in 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 acquiring an additional 1,433,089 shares during the period.

Vanguard Information Technology ETF Stock Down 1.5%

NYSEARCA VGT opened at $120.07 on Friday. The company has a market cap of $147.20 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 $126.00. The business has a 50 day moving average price of $116.96 and a 200-day moving average price of $106.91.

Vanguard Information Technology ETF 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.