Brookstone Capital Management Grows Stake in Vanguard Information Technology ETF $VGT

Brookstone Capital Management lifted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 814.0% during the second quarter, HoldingsChannel.com reports. The fund owned 131,984 shares of the exchange traded fund’s stock after acquiring an additional 117,544 shares during the period. Brookstone Capital Management’s holdings in Vanguard Information Technology ETF were worth $15,775,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VGT. Bank of America Corp DE grew its holdings in shares of Vanguard Information Technology ETF by 1.6% during the first 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 buying an additional 241,421 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in 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 in the last quarter. Morgan Stanley boosted its holdings in shares of Vanguard Information Technology ETF by 1.2% during 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 during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Vanguard Information Technology ETF by 1.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,543,645 shares of the exchange traded fund’s stock valued at $1,163,569,000 after purchasing an additional 18,634 shares during the last quarter. Finally, LPL Financial LLC lifted its position 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 worth $981,363,000 after buying an additional 39,217 shares in the last quarter.

Vanguard Information Technology ETF Trading Up 1.1%

Shares of VGT stock opened at $122.99 on Friday. The company’s 50-day moving average price is $116.44 and its 200-day moving average price is $104.99. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $126.00. The stock has a market cap of $150.77 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

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.