Chapin Davis Inc. lifted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 700.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,943 shares of the exchange traded fund’s stock after purchasing an additional 8,701 shares during the quarter. Chapin Davis Inc.’s holdings in Vanguard Information Technology ETF were worth $1,188,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in VGT. Kingdom Financial Group LLC. bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Vanguard Information Technology ETF by 497.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 194 shares during the period. Wells Financial Advisors INC bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at about $29,000. RHL Group LLC bought a new stake in Vanguard Information Technology ETF during the 4th quarter valued at approximately $31,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $31,000.
Vanguard Information Technology ETF Price Performance
NYSEARCA:VGT opened at $120.07 on Friday. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00. The firm’s 50-day moving average price is $116.96 and its 200-day moving average price is $106.91. The company has a market capitalization of $147.20 billion, a PE ratio of 34.55 and a beta of 1.34.
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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