Vanguard Information Technology ETF $VGT Shares Sold by First Merchants Corp

First Merchants Corp reduced its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 11.0% during the second quarter, Holdings Channel.com reports. The fund owned 38,609 shares of the exchange traded fund’s stock after selling 4,779 shares during the quarter. Vanguard Information Technology ETF accounts for approximately 1.0% of First Merchants Corp’s investment portfolio, making the stock its 21st largest position. First Merchants Corp’s holdings in Vanguard Information Technology ETF were worth $25,609,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Wheelhouse Advisory Group LLC raised its position in shares of Vanguard Information Technology ETF by 6.1% during the second quarter. Wheelhouse Advisory Group LLC now owns 22,848 shares of the exchange traded fund’s stock worth $15,155,000 after purchasing an additional 1,317 shares during the period. Golden State Wealth Management LLC raised its position in shares of Vanguard Information Technology ETF by 17.5% during the first quarter. Golden State Wealth Management LLC now owns 141 shares of the exchange traded fund’s stock worth $77,000 after purchasing an additional 21 shares during the period. American National Bank & Trust raised its position in shares of Vanguard Information Technology ETF by 173.3% during the second quarter. American National Bank & Trust now owns 164 shares of the exchange traded fund’s stock worth $109,000 after purchasing an additional 104 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Vanguard Information Technology ETF during the first quarter worth $804,000. Finally, Strategic Family Wealth Counselors L.L.C. raised its position in shares of Vanguard Information Technology ETF by 2.0% during the first quarter. Strategic Family Wealth Counselors L.L.C. now owns 3,496 shares of the exchange traded fund’s stock worth $1,896,000 after purchasing an additional 67 shares during the period.

Vanguard Information Technology ETF Stock Up 1.7%

Shares of Vanguard Information Technology ETF stock opened at $768.02 on Thursday. The stock’s fifty day moving average is $714.47 and its 200-day moving average is $640.10. The firm has a market capitalization of $110.80 billion, a PE ratio of 34.55 and a beta of 1.16. Vanguard Information Technology ETF has a 12-month low of $451.00 and a 12-month high of $768.09.

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).