Partners Wealth Management LLC Acquires 8,250 Shares of Vanguard Information Technology ETF $VGT

Partners Wealth Management LLC acquired a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,250 shares of the exchange traded fund’s stock, valued at approximately $1,037,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Vanguard Information Technology ETF by 657.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock valued at $565,516,000 after purchasing an additional 4,107,038 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Vanguard Information Technology ETF by 762.8% in the 2nd quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock valued at $436,378,000 after purchasing an additional 3,227,909 shares during the period. Envestnet Asset Management Inc. increased its stake in Vanguard Information Technology ETF by 817.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,330,327 shares of the exchange traded fund’s stock worth $398,041,000 after purchasing an additional 2,967,256 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Vanguard Information Technology ETF by 693.4% during the 2nd 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 purchasing an additional 2,116,095 shares in the last quarter. Finally, Nissay Asset Management Corp Japan increased its stake in Vanguard Information Technology ETF by 700.0% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 1,637,816 shares of the exchange traded fund’s stock worth $195,752,000 after purchasing an additional 1,433,089 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of VGT stock opened at $116.96 on Friday. The company has a market capitalization of $143.87 billion, a P/E ratio of 34.55 and a beta of 1.34. The company’s 50 day moving average price is $122.48 and its two-hundred day moving average price is $109.29. Vanguard Information Technology ETF has a 52 week low of $83.09 and a 52 week high of $130.66.

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.