Fifth Third Wealth Advisors LLC Has $17.69 Million Stock Position in Vanguard Information Technology ETF $VGT

Fifth Third Wealth Advisors LLC raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 23.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 23,686 shares of the exchange traded fund’s stock after acquiring an additional 4,540 shares during the period. Vanguard Information Technology ETF accounts for about 0.7% of Fifth Third Wealth Advisors LLC’s holdings, making the stock its 28th biggest holding. Fifth Third Wealth Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $17,685,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. lifted its position in Vanguard Information Technology ETF by 110.5% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 21 shares in the last quarter. Semmax Financial Advisors Inc. acquired a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter valued at about $31,000. Kilter Group LLC bought a new stake in shares of Vanguard Information Technology ETF in the second quarter valued at about $37,000. Sawyer & Company Inc acquired a new position in shares of Vanguard Information Technology ETF during the second quarter worth about $38,000. Finally, Rice Partnership LLC acquired a new position in shares of Vanguard Information Technology ETF during the second quarter worth about $40,000.

Vanguard Information Technology ETF Stock Performance

Shares of Vanguard Information Technology ETF stock opened at $755.98 on Friday. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $806.99. The business’s 50 day simple moving average is $760.93 and its 200 day simple moving average is $724.34. The firm has a market cap of $111.85 billion, a PE ratio of 34.55 and a beta of 1.25.

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.