Strategic Investment Advisors MI Invests $237.50 Million in Vanguard Information Technology ETF $VGT

Strategic Investment Advisors MI bought a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) during the third quarter, Holdings Channel reports. The firm bought 318,097 shares of the exchange traded fund’s stock, valued at approximately $237,501,000. Vanguard Information Technology ETF comprises about 18.2% of Strategic Investment Advisors MI’s portfolio, making the stock its biggest position.

Several other large investors have also added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. increased its holdings in Vanguard Information Technology ETF by 110.5% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 21 shares in the last quarter. Strategic Advocates LLC bought a new position in shares of Vanguard Information Technology ETF in the third quarter valued at approximately $30,000. First Command Advisory Services Inc. purchased a new position in shares of Vanguard Information Technology ETF during the third quarter valued at approximately $31,000. Semmax Financial Advisors Inc. purchased a new position in shares of Vanguard Information Technology ETF during the second quarter valued at approximately $31,000. Finally, Palisade Asset Management LLC bought a new stake in Vanguard Information Technology ETF during the third quarter worth $34,000.

Vanguard Information Technology ETF Trading Up 0.3%

NYSEARCA VGT opened at $721.72 on Friday. The firm has a market capitalization of $108.00 billion, a P/E ratio of 34.55 and a beta of 1.25. The business has a fifty day simple moving average of $740.57 and a 200 day simple moving average of $747.47. Vanguard Information Technology ETF has a 12 month low of $451.00 and a 12 month high of $806.99.

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.