Bank of Montreal Can Grows Stock Holdings in Vanguard Information Technology ETF $VGT

Bank of Montreal Can grew its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 23.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,813 shares of the exchange traded fund’s stock after buying an additional 11,540 shares during the quarter. Bank of Montreal Can’s holdings in Vanguard Information Technology ETF were worth $45,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. boosted its holdings in Vanguard Information Technology ETF by 110.5% during 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 during the period. First Command Advisory Services Inc. purchased a new stake in Vanguard Information Technology ETF during the third quarter worth about $31,000. Semmax Financial Advisors Inc. purchased a new stake in Vanguard Information Technology ETF during the second quarter worth about $31,000. Kilter Group LLC acquired a new stake in shares of Vanguard Information Technology ETF during the second quarter worth about $37,000. Finally, Ramirez Asset Management Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the third quarter worth about $39,000.

Vanguard Information Technology ETF Stock Performance

NYSEARCA VGT opened at $720.66 on Friday. The firm has a 50 day simple moving average of $744.42 and a 200-day simple moving average of $746.67. Vanguard Information Technology ETF has a one year low of $451.00 and a one year high of $806.99. The firm has a market cap of $107.84 billion, a price-to-earnings ratio of 34.55 and a beta of 1.25.

Vanguard Information Technology ETF 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.