Bank of New York Mellon Corp's $6.37 Million Investment in Vanguard Information Technology ETF

The Bank of New York Mellon Corp, a significant financial institution, has adjusted its investment portfolio by decreasing its stake in the Vanguard Information Technology ETF (NYSEARCA:VGT). This change occurred in the 2nd quarter and was documented in the firm's latest 13F filing with the Securities and Exchange Commission (SEC). Initially holding 14,401 shares in the ETF, the Bank of New York Mellon Corp sold 741 shares, which resulted in a revised holding valued at approximately $6.37 million.

Investment Movements Among Other Investors

Other notable investors besides the Bank of New York Mellon Corp have also engaged in buying and selling the Vanguard Information Technology ETF shares. For instance, Barrett & Company Inc. established a new position during the 1st quarter, investing around $26,000. In addition, Tower Research Capital LLC TRC commenced a new stake worth about $30,000 during the 3rd quarter. Meanwhile, Stonebridge Capital Advisors LLC increased their stake by a remarkable 160.6% in the 1st quarter, bringing their total investment to $33,000.

Diverse strategies among investors were observed with Strategic Investment Solutions Inc. IL and Colonial Trust Co SC both opening new positions in the ETF valued at approximately $34,000 and $39,000, respectively, during the first quarter.

Vanguard Information Technology ETF Market Position

The trading price for Vanguard Information Technology ETF shares started at $462.42 on Tuesday. Over the previous intervals, the ETF's simple moving averages have been $424.66 over 50 days and $427.27 over 200 days. Its market performance shows a twelve-month low of $310.00 and a high of $463.56, with a market capitalization reaching $55.23 billion. Its price-to-earnings ratio stands at 24.70, and the ETF holds a beta of 1.16, indicating its market volatility in relation to the broader market.

Understanding Vanguard Information Technology ETF

The ETF's investment objectives are to mirror the performance of the MSCI US Investable Market Information Technology 25/50 Index. This index covers a broad range of U.S. stocks across large-, mid-, and small-cap sectors, specifically within the information technology field as per the Global Industry Classification Standard (GICS).

Bank, Vanguard, ETF