Sharper & Granite LLC Grows Stock Holdings in Vanguard Information Technology ETF $VGT

Sharper & Granite LLC lifted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 658.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,424 shares of the exchange traded fund’s stock after buying an additional 38,563 shares during the period. Vanguard Information Technology ETF comprises approximately 1.6% of Sharper & Granite LLC’s holdings, making the stock its 10th largest holding. Sharper & Granite LLC’s holdings in Vanguard Information Technology ETF were worth $5,310,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of VGT. First Merchants Corp raised its stake in Vanguard Information Technology ETF by 744.7% during the second quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock worth $39,631,000 after acquiring an additional 292,331 shares in the last quarter. Clark Asset Management LLC boosted its stake in shares of Vanguard Information Technology ETF by 1,004.8% in the 2nd quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock valued at $659,000 after purchasing an additional 5,014 shares in the last quarter. Baron Financial Group LLC boosted its stake in shares of Vanguard Information Technology ETF by 700.0% in the 2nd quarter. Baron Financial Group LLC now owns 5,024 shares of the exchange traded fund’s stock valued at $600,000 after purchasing an additional 4,396 shares in the last quarter. Ballast Inc. grew its holdings in shares of Vanguard Information Technology ETF by 848.4% in the 2nd quarter. Ballast Inc. now owns 50,009 shares of the exchange traded fund’s stock worth $5,977,000 after purchasing an additional 44,736 shares during the last quarter. Finally, Abound Wealth Management grew its holdings in shares of Vanguard Information Technology ETF by 668.5% in the 2nd quarter. Abound Wealth Management now owns 5,103 shares of the exchange traded fund’s stock worth $610,000 after purchasing an additional 4,439 shares during the last quarter.

Vanguard Information Technology ETF Stock Down 0.3%

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