Folger Nolan Fleming Douglas Capital Management Inc. Has $164.72 Million Stake in Vanguard Information Technology ETF $VGT

Folger Nolan Fleming Douglas Capital Management Inc. boosted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 690.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,378,210 shares of the exchange traded fund’s stock after buying an additional 1,203,781 shares during the quarter. Vanguard Information Technology ETF makes up about 13.5% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its biggest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $164,724,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Kingdom Financial Group LLC. acquired a new position in Vanguard Information Technology ETF during the fourth quarter valued at approximately $27,000. Wells Financial Advisors INC acquired a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth approximately $29,000. RHL Group LLC bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth approximately $31,000. Jessup Wealth Management Inc bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth approximately $31,000. Finally, GW&K Investment Management LLC boosted its holdings in shares of Vanguard Information Technology ETF by 100.0% in the 4th quarter. GW&K Investment Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 21 shares during the last quarter.

Vanguard Information Technology ETF Trading Down 0.3%

Shares of NYSEARCA VGT opened at $122.56 on Friday. The company has a market capitalization of $150.25 billion, a P/E ratio of 34.55 and a beta of 1.34. The stock has a 50 day moving average of $116.58 and a 200-day moving average of $105.11. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month 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.