Northwestern Mutual Wealth Management Co. Purchases 4,107,038 Shares of Vanguard Information Technology ETF $VGT

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 657.6% in the second quarter, HoldingsChannel reports. The firm owned 4,731,562 shares of the exchange traded fund’s stock after buying an additional 4,107,038 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Vanguard Information Technology ETF were worth $565,516,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of VGT. Van Den Berg Management I Inc. lifted its position in shares of Vanguard Information Technology ETF by 700.0% in the second quarter. Van Den Berg Management I Inc. now owns 600 shares of the exchange traded fund’s stock valued at $72,000 after buying an additional 525 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in Vanguard Information Technology ETF by 940.5% during the 2nd quarter. Wedbush Securities Inc. now owns 51,266 shares of the exchange traded fund’s stock valued at $6,127,000 after purchasing an additional 46,339 shares during the last quarter. Sheets Smith Wealth Management lifted its holdings in Vanguard Information Technology ETF by 731.3% during the 2nd quarter. Sheets Smith Wealth Management now owns 4,705 shares of the exchange traded fund’s stock valued at $562,000 after purchasing an additional 4,139 shares during the last quarter. Capital Advisors Inc. OK boosted its position in Vanguard Information Technology ETF by 700.0% during the second quarter. Capital Advisors Inc. OK now owns 50,831 shares of the exchange traded fund’s stock worth $6,075,000 after purchasing an additional 44,477 shares during the period. Finally, Delta Asset Management LLC TN increased its holdings in shares of Vanguard Information Technology ETF by 35,750.0% in the second quarter. Delta Asset Management LLC TN now owns 717 shares of the exchange traded fund’s stock valued at $86,000 after purchasing an additional 715 shares during the last quarter.

Vanguard Information Technology ETF Trading Up 0.3%

Vanguard Information Technology ETF stock opened at $120.49 on Tuesday. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The company has a market capitalization of $147.71 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The stock’s 50 day moving average is $116.96 and its 200-day moving average is $107.19.

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.