Sound Stewardship LLC Purchases 55,427 Shares of Vanguard Information Technology ETF $VGT

Sound Stewardship LLC boosted its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 685.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 63,518 shares of the exchange traded fund’s stock after purchasing an additional 55,427 shares during the quarter. Vanguard Information Technology ETF accounts for about 3.1% of Sound Stewardship LLC’s portfolio, making the stock its 8th biggest position. Sound Stewardship LLC’s holdings in Vanguard Information Technology ETF were worth $7,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VGT. Bank of America Corp DE boosted its position in shares of 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 purchasing an additional 241,421 shares in the last quarter. JPMorgan Chase & Co. grew 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 worth $4,839,352,000 after purchasing an additional 252,341 shares during the last quarter. Morgan Stanley raised its holdings in shares of 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 in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Vanguard Information Technology ETF by 1.2% in 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 purchasing an additional 18,634 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in Vanguard Information Technology ETF by 3.1% during 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 last quarter.

Vanguard Information Technology ETF Price Performance

VGT stock opened at $121.60 on Thursday. The firm has a market cap of $149.07 billion, a PE ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The firm has a 50 day simple moving average of $116.43 and a 200 day simple moving average of $104.78.

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.