First PREMIER Bank Acquires 578 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

First PREMIER Bank lifted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.1% in the second quarter, Holdings Channel reports. The institutional investor owned 18,933 shares of the exchange traded fund’s stock after buying an additional 578 shares during the quarter. Vanguard Information Technology ETF accounts for approximately 2.9% of First PREMIER Bank’s portfolio, making the stock its 5th biggest position. First PREMIER Bank’s holdings in Vanguard Information Technology ETF were worth $10,916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in VGT. International Assets Investment Management LLC acquired a new position in Vanguard Information Technology ETF in the fourth quarter worth about $1,432,000. Sapient Capital LLC bought a new stake in Vanguard Information Technology ETF during the fourth quarter valued at $368,000. Pursue Wealth Partners LLC acquired a new stake in shares of Vanguard Information Technology ETF during the fourth quarter worth $209,000. Tennessee Valley Asset Management Partners bought a new position in shares of Vanguard Information Technology ETF in the 4th quarter worth about $171,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Vanguard Information Technology ETF by 11.7% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,180 shares of the exchange traded fund’s stock worth $1,055,000 after buying an additional 229 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA:VGT traded up $15.05 during trading on Thursday, reaching $571.47. 435,335 shares of the company’s stock traded hands, compared to its average volume of 480,888. The company has a 50 day moving average of $570.41 and a 200-day moving average of $536.19. Vanguard Information Technology ETF has a 12 month low of $397.76 and a 12 month high of $609.15. The stock has a market capitalization of $71.96 billion, a P/E ratio of 36.30 and a beta of 1.41.

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).