Grimes & Company Inc. Increases Position in Vanguard Information Technology ETF $VGT

Grimes & Company Inc. grew its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 168.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,552 shares of the exchange traded fund’s stock after acquiring an additional 2,227 shares during the period. Grimes & Company Inc.’s holdings in Vanguard Information Technology ETF were worth $2,356,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC purchased a new position in Vanguard Information Technology ETF during the second quarter valued at $773,405,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Vanguard Information Technology ETF in the second quarter worth $454,530,000. JPMorgan Chase & Co. increased its holdings in shares of Vanguard Information Technology ETF by 6.2% during the first quarter. JPMorgan Chase & Co. now owns 6,125,779 shares of the exchange traded fund’s stock valued at $3,322,550,000 after acquiring an additional 359,822 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Vanguard Information Technology ETF by 210.4% in the 1st quarter. Jones Financial Companies Lllp now owns 88,334 shares of the exchange traded fund’s stock worth $47,911,000 after purchasing an additional 59,877 shares during the last quarter. Finally, SteelPeak Wealth LLC boosted its stake in Vanguard Information Technology ETF by 348.1% in the 1st quarter. SteelPeak Wealth LLC now owns 73,141 shares of the exchange traded fund’s stock worth $39,670,000 after purchasing an additional 56,819 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of VGT stock opened at $762.18 on Tuesday. The company has a market capitalization of $109.96 billion, a price-to-earnings ratio of 34.55 and a beta of 1.16. Vanguard Information Technology ETF has a one year low of $451.00 and a one year high of $766.19. The company’s 50-day moving average is $711.75 and its 200 day moving average is $638.41.

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).