Parallel Advisors LLC Purchases 63,687 Shares of Vanguard Information Technology ETF $VGT

Parallel Advisors LLC boosted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 64.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 162,236 shares of the exchange traded fund’s stock after buying an additional 63,687 shares during the quarter. Parallel Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $20,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in VGT. Bank of America Corp DE grew its holdings 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 worth $10,539,605,000 after purchasing an additional 241,421 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Vanguard Information Technology ETF by 657.6% during the second 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 during the period. HighTower Advisors LLC increased its position in shares of Vanguard Information Technology ETF by 762.8% during the second 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 position in shares of Vanguard Information Technology ETF by 817.3% during the second quarter. Envestnet Asset Management Inc. now owns 3,330,327 shares of the exchange traded fund’s stock valued at $398,041,000 after purchasing an additional 2,967,256 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of 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 valued at $289,390,000 after purchasing an additional 2,116,095 shares in the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT traded up $1.45 during trading hours on Friday, reaching $108.51. The stock had a trading volume of 9,471,211 shares, compared to its average volume of 4,576,137. The company has a market cap of $134.64 billion, a price-to-earnings ratio of 34.55 and a beta of 1.36. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $130.66. The business’s fifty day moving average is $121.84 and its two-hundred day moving average is $109.73.

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). 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.