Independent Financial Group LLC Grows Stake in Vanguard Information Technology ETF $VGT

Independent Financial Group LLC boosted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 1,075.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,008 shares of the exchange traded fund’s stock after acquiring an additional 117,114 shares during the quarter. Independent Financial Group LLC’s holdings in Vanguard Information Technology ETF were worth $15,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Kingdom Financial Group LLC. bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at approximately $27,000. Wells Financial Advisors INC bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at approximately $29,000. RHL Group LLC bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at approximately $31,000. Jessup Wealth Management Inc purchased a new stake in Vanguard Information Technology ETF during the 4th quarter valued at $31,000. Finally, GW&K Investment Management LLC lifted 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 buying an additional 21 shares during the last quarter.

Vanguard Information Technology ETF Stock Up 1.1%

NYSEARCA VGT opened at $122.99 on Friday. The company has a fifty day moving average of $116.44 and a two-hundred day moving average of $104.99. The firm has a market capitalization of $150.77 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 52 week low of $83.09 and a 52 week high of $126.00.

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.