IFP Advisors Inc Has $32.92 Million Holdings in Vanguard Information Technology ETF $VGT

IFP Advisors Inc boosted its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 731.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,462 shares of the exchange traded fund’s stock after buying an additional 242,342 shares during the period. Vanguard Information Technology ETF comprises 0.6% of IFP Advisors Inc’s portfolio, making the stock its 26th largest holding. IFP Advisors Inc’s holdings in Vanguard Information Technology ETF were worth $32,923,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VGT. Kingdom Financial Group LLC. acquired a new stake in Vanguard Information Technology ETF in the 4th quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Vanguard Information Technology ETF by 497.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 194 shares during the period. RHL Group LLC bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth about $31,000. Jessup Wealth Management Inc acquired a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth about $31,000. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the 2nd quarter worth about $31,000.

Vanguard Information Technology ETF Stock Down 0.2%

NYSEARCA:VGT opened at $121.05 on Wednesday. The firm has a market cap of $148.40 billion, a PE ratio of 34.55 and a beta of 1.35. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The company’s 50-day moving average price is $117.48 and its two-hundred day moving average price is $108.40.

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.