Lunt Capital Management Inc. raised its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 700.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,320 shares of the exchange traded fund’s stock after buying an additional 6,405 shares during the quarter. Lunt Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $875,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in VGT. Bank of America Corp DE lifted its holdings in shares of Vanguard Information Technology ETF by 1.6% during the 1st quarter. Bank of America Corp DE now owns 15,105,780 shares of the exchange traded fund’s stock worth $10,539,605,000 after acquiring an additional 241,421 shares during the period. JPMorgan Chase & Co. increased its stake in Vanguard Information Technology ETF by 4.1% in the fourth quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock valued at $4,839,352,000 after acquiring an additional 252,341 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Vanguard Information Technology ETF by 657.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock valued at $565,516,000 after acquiring an additional 4,107,038 shares during the period. HighTower Advisors LLC increased its stake in Vanguard Information Technology ETF by 762.8% in the second quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock valued at $436,378,000 after acquiring an additional 3,227,909 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in Vanguard Information Technology ETF by 693.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock worth $289,390,000 after purchasing an additional 2,116,095 shares in the last quarter.
Vanguard Information Technology ETF Stock Down 0.1%
Shares of VGT opened at $120.89 on Thursday. The stock has a market cap of $148.20 billion, a price-to-earnings ratio of 34.55 and a beta of 1.35. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The company has a 50-day moving average price of $117.55 and a two-hundred day moving average price of $108.60.
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.
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