First Merchants Corp Has $27.69 Million Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

First Merchants Corp lessened its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,537 shares of the exchange traded fund’s stock after selling 32 shares during the period. Vanguard Information Technology ETF accounts for 1.1% of First Merchants Corp’s holdings, making the stock its 23rd biggest position. First Merchants Corp’s holdings in Vanguard Information Technology ETF were worth $27,693,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in VGT. JPMorgan Chase & Co. increased its stake in shares of Vanguard Information Technology ETF by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock worth $3,222,539,000 after purchasing an additional 501,703 shares during the period. Strategic Financial Concepts LLC boosted its stake in Vanguard Information Technology ETF by 39,912.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock valued at $766,536,000 after purchasing an additional 1,229,688 shares during the period. LPL Financial LLC grew its holdings in Vanguard Information Technology ETF by 2.3% in the 3rd quarter. LPL Financial LLC now owns 1,188,742 shares of the exchange traded fund’s stock valued at $697,221,000 after buying an additional 26,845 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Vanguard Information Technology ETF by 311.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 674,791 shares of the exchange traded fund’s stock worth $419,585,000 after buying an additional 510,798 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of Vanguard Information Technology ETF by 4.2% during the third quarter. Stifel Financial Corp now owns 390,136 shares of the exchange traded fund’s stock worth $228,842,000 after buying an additional 15,742 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of Vanguard Information Technology ETF stock opened at $636.95 on Friday. The firm has a 50-day moving average of $629.16 and a 200-day moving average of $599.72. Vanguard Information Technology ETF has a 52-week low of $478.25 and a 52-week high of $648.76. The stock has a market cap of $80.20 billion, a PE 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).