Nvest Financial LLC lifted its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 856.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,083 shares of the exchange traded fund’s stock after purchasing an additional 5,447 shares during the period. Nvest Financial LLC’s holdings in Vanguard Information Technology ETF were worth $727,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of VGT. Kingdom Financial Group LLC. purchased a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $27,000. RHL Group LLC acquired a new position in Vanguard Information Technology ETF during the fourth quarter worth $31,000. Jessup Wealth Management Inc purchased a new position in Vanguard Information Technology ETF in the fourth quarter worth $31,000. GW&K Investment Management LLC raised its position in Vanguard Information Technology ETF by 100.0% in the fourth quarter. GW&K Investment Management LLC now owns 42 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 21 shares in the last quarter. Finally, Semmax Financial Advisors Inc. acquired a new stake in Vanguard Information Technology ETF in the second quarter valued at $31,000.
Vanguard Information Technology ETF Stock Performance
Vanguard Information Technology ETF stock opened at $121.27 on Friday. The company has a market cap of $148.67 billion, a P/E ratio of 34.55 and a beta of 1.35. Vanguard Information Technology ETF has a one year low of $83.09 and a one year high of $126.00. The business has a fifty day moving average of $117.35 and a two-hundred day moving average of $107.87.
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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