Vanguard Information Technology ETF (NYSEARCA:VGT) is First PREMIER Bank’s 5th Largest Position

First PREMIER Bank lessened its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.4% during the third quarter, HoldingsChannel.com reports. The fund owned 18,294 shares of the exchange traded fund’s stock after selling 639 shares during the quarter. Vanguard Information Technology ETF makes up about 2.7% of First PREMIER Bank’s portfolio, making the stock its 5th biggest holding. First PREMIER Bank’s holdings in Vanguard Information Technology ETF were worth $10,730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VGT. Wulff Hansen & CO. increased its holdings in Vanguard Information Technology ETF by 56,640.2% in the 2nd quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock valued at $3,079,540,000 after purchasing an additional 5,331,540 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Vanguard Information Technology ETF by 54,658.6% in the second quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock valued at $868,897,000 after buying an additional 1,504,206 shares in the last quarter. Liberty Wealth Management LLC raised its holdings in shares of Vanguard Information Technology ETF by 6,873.3% during the 2nd quarter. Liberty Wealth Management LLC now owns 312,055 shares of the exchange traded fund’s stock valued at $179,928,000 after buying an additional 307,580 shares during the period. Beacon Capital Management Inc. raised its holdings in shares of Vanguard Information Technology ETF by 189.0% during the 1st quarter. Beacon Capital Management Inc. now owns 317,241 shares of the exchange traded fund’s stock valued at $166,685,000 after buying an additional 207,468 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Vanguard Information Technology ETF by 665.9% in the 1st quarter. Cetera Investment Advisers now owns 236,855 shares of the exchange traded fund’s stock worth $124,193,000 after acquiring an additional 205,928 shares during the period.

Vanguard Information Technology ETF Stock Down 0.0 %

Shares of NYSEARCA:VGT opened at $591.22 on Wednesday. The company has a market capitalization of $74.45 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The company has a 50 day moving average of $563.76 and a two-hundred day moving average of $551.40. Vanguard Information Technology ETF has a 52-week low of $397.76 and a 52-week high of $609.15.

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).