MontVue Capital Management Inc. Has $3.76 Million Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

MontVue Capital Management Inc. lifted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 19.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,520 shares of the exchange traded fund’s stock after acquiring an additional 1,040 shares during the period. Vanguard Information Technology ETF makes up approximately 3.0% of MontVue Capital Management Inc.’s portfolio, making the stock its 7th largest position. MontVue Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $3,759,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. TKG Advisors LLC bought a new position in Vanguard Information Technology ETF during the 4th quarter valued at about $210,000. Traynor Capital Management Inc. boosted its stake in shares of Vanguard Information Technology ETF by 17.7% in the 1st quarter. Traynor Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock worth $665,000 after buying an additional 191 shares during the last quarter. Connectus Wealth LLC bought a new stake in shares of Vanguard Information Technology ETF in the fourth quarter worth $224,000. Moloney Securities Asset Management LLC increased its position in Vanguard Information Technology ETF by 20.1% during the first quarter. Moloney Securities Asset Management LLC now owns 895 shares of the exchange traded fund’s stock valued at $469,000 after acquiring an additional 150 shares during the last quarter. Finally, Regal Investment Advisors LLC boosted its position in Vanguard Information Technology ETF by 20.9% in the fourth quarter. Regal Investment Advisors LLC now owns 1,192 shares of the exchange traded fund’s stock worth $577,000 after purchasing an additional 206 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA:VGT traded up $10.15 during trading on Friday, hitting $580.01. The company’s stock had a trading volume of 420,106 shares, compared to its average volume of 479,440. The firm has a market cap of $73.03 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The company has a 50-day moving average of $571.90 and a 200-day moving average of $538.77. Vanguard Information Technology ETF has a 12 month low of $397.76 and a 12 month high of $609.15.

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).