First Merchants Corp Increases Holdings in Vanguard Information Technology ETF $VGT

First Merchants Corp grew its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,968 shares of the exchange traded fund’s stock after buying an additional 1,636 shares during the quarter. Vanguard Information Technology ETF accounts for approximately 1.1% of First Merchants Corp’s holdings, making the stock its 22nd largest position. First Merchants Corp’s holdings in Vanguard Information Technology ETF were worth $29,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VGT. Brighton Jones LLC increased its position in Vanguard Information Technology ETF by 34.9% during the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 598 shares during the last quarter. AQR Capital Management LLC boosted its position in Vanguard Information Technology ETF by 80.9% in the first quarter. AQR Capital Management LLC now owns 4,147 shares of the exchange traded fund’s stock worth $2,249,000 after purchasing an additional 1,854 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Vanguard Information Technology ETF by 0.3% in the first quarter. Goldman Sachs Group Inc. now owns 112,999 shares of the exchange traded fund’s stock worth $61,288,000 after purchasing an additional 305 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Vanguard Information Technology ETF by 378.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,713 shares of the exchange traded fund’s stock valued at $4,453,000 after purchasing an additional 5,309 shares during the period. Finally, Coldstream Capital Management Inc. grew its stake in shares of Vanguard Information Technology ETF by 140.4% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,769 shares of the exchange traded fund’s stock valued at $1,173,000 after purchasing an additional 1,033 shares during the period.

Vanguard Information Technology ETF Stock Up 0.6%

NYSEARCA VGT opened at $716.46 on Thursday. The company has a 50-day moving average price of $736.63 and a 200-day moving average price of $748.32. Vanguard Information Technology ETF has a 52 week low of $451.00 and a 52 week high of $806.99. The firm has a market capitalization of $107.21 billion, a P/E ratio of 34.55 and a beta of 1.25.

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.