Secure Asset Management LLC raised its position in Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 708.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 18,398 shares of the exchange traded fund’s stock after acquiring an additional 16,123 shares during the period. Secure Asset Management LLC’s holdings in Vanguard Information Technology ETF were worth $2,199,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. R. W. Roge & Company Inc. increased its stake in shares of Vanguard Information Technology ETF by 700.0% during the second quarter. R. W. Roge & Company Inc. now owns 9,720 shares of the exchange traded fund’s stock worth $1,161,000 after acquiring an additional 8,505 shares during the period. Chesapeake Wealth Management lifted its position in Vanguard Information Technology ETF by 573.3% in the second quarter. Chesapeake Wealth Management now owns 11,830 shares of the exchange traded fund’s stock valued at $1,414,000 after purchasing an additional 10,073 shares during the period. Independence Bank of Kentucky lifted its position in Vanguard Information Technology ETF by 700.0% in the second quarter. Independence Bank of Kentucky now owns 2,328 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 2,037 shares during the period. Bedel Financial Consulting Inc. boosted its holdings in Vanguard Information Technology ETF by 799.7% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 13,082 shares of the exchange traded fund’s stock valued at $1,564,000 after purchasing an additional 11,628 shares in the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. purchased a new stake in Vanguard Information Technology ETF in the 2nd quarter valued at approximately $201,000.
Vanguard Information Technology ETF Trading Down 1.3%
NYSEARCA VGT opened at $118.87 on Wednesday. The business’s 50 day moving average is $117.02 and its two-hundred day moving average is $107.37. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month high of $126.00. The stock has a market capitalization of $145.72 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.
About Vanguard Information Technology ETF
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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