Sequoia Financial Advisors LLC lifted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 508.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,744 shares of the exchange traded fund’s stock after purchasing an additional 55,767 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $7,977,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the company. Kingdom Financial Group LLC. bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of 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 valued at $28,000 after buying an additional 194 shares during the period. RHL Group LLC acquired a new stake in Vanguard Information Technology ETF in the 4th quarter valued at about $31,000. Jessup Wealth Management Inc bought a new stake in Vanguard Information Technology ETF during the fourth quarter worth approximately $31,000. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of Vanguard Information Technology ETF during the 2nd quarter worth $31,000.
Vanguard Information Technology ETF Stock Up 1.2%
NYSEARCA:VGT opened at $121.07 on Friday. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00. The stock has a fifty day simple moving average of $117.78 and a 200 day simple moving average of $108.88. The firm has a market capitalization of $148.42 billion, a price-to-earnings ratio of 34.55 and a beta of 1.35.
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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