MontVue Capital Management Inc. Buys 43,120 Shares of Vanguard Information Technology ETF $VGT

MontVue Capital Management Inc. raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,280 shares of the exchange traded fund’s stock after buying an additional 43,120 shares during the period. Vanguard Information Technology ETF comprises about 3.4% of MontVue Capital Management Inc.’s portfolio, making the stock its 7th biggest position. MontVue Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $5,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VGT. Folger Nolan Fleming Douglas Capital Management Inc. raised its position in shares of Vanguard Information Technology ETF by 690.1% during the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 1,378,210 shares of the exchange traded fund’s stock worth $164,724,000 after acquiring an additional 1,203,781 shares during the last quarter. Armstrong Advisory Group Inc. boosted its holdings in Vanguard Information Technology ETF by 704.1% in the second quarter. Armstrong Advisory Group Inc. now owns 1,027,235 shares of the exchange traded fund’s stock valued at $122,775,000 after acquiring an additional 899,479 shares during the last quarter. Systematic Alpha Investments LLC boosted its holdings in Vanguard Information Technology ETF by 700.0% in the first quarter. Systematic Alpha Investments LLC now owns 658,400 shares of the exchange traded fund’s stock valued at $459,379,000 after acquiring an additional 576,100 shares during the last quarter. Focus Partners Wealth increased its position in Vanguard Information Technology ETF by 78.8% during the 4th quarter. Focus Partners Wealth now owns 1,297,055 shares of the exchange traded fund’s stock valued at $977,603,000 after purchasing an additional 571,488 shares during the period. Finally, Spire Wealth Management increased its position in Vanguard Information Technology ETF by 669.8% during the 2nd quarter. Spire Wealth Management now owns 575,609 shares of the exchange traded fund’s stock valued at $68,789,000 after purchasing an additional 500,833 shares during the period.

Vanguard Information Technology ETF Stock Performance

Vanguard Information Technology ETF stock opened at $118.80 on Thursday. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00. The firm has a 50 day moving average price of $116.91 and a two-hundred day moving average price of $105.69. The firm has a market cap of $145.64 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

Vanguard Information Technology ETF 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.