Welch Group LLC lifted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 700.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,384 shares of the exchange traded fund’s stock after purchasing an additional 6,462 shares during the period. Welch Group LLC’s holdings in Vanguard Information Technology ETF were worth $883,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. purchased a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Vanguard Information Technology ETF by 497.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 194 shares in the last quarter. Wells Financial Advisors INC purchased a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth $29,000. RHL Group LLC purchased a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth $31,000. Finally, Jessup Wealth Management Inc bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth $31,000.
Vanguard Information Technology ETF Trading Down 2.2%
Shares of Vanguard Information Technology ETF stock opened at $119.79 on Wednesday. The firm has a market cap of $146.85 billion, a P/E ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The stock’s fifty day moving average price is $116.78 and its 200-day moving average price is $105.53.
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). 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.
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