Vanguard Information Technology ETF $VGT Stock: Modera Wealth Management LLC Increases Position

Modera Wealth Management LLC lifted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,650 shares of the exchange traded fund’s stock after acquiring an additional 4,711 shares during the period. Modera Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $8,753,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Vanguard Information Technology ETF by 497.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 194 shares in the last quarter. Owl Creek Wealth Partners LLC lifted its position in shares of Vanguard Information Technology ETF by 700.0% during the second quarter. Owl Creek Wealth Partners LLC now owns 288 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 252 shares during the last quarter. Kings Path Partners LLC purchased a new stake in shares of Vanguard Information Technology ETF during the third quarter valued at about $34,000. Financial Network Wealth Advisors LLC boosted its holdings in shares of Vanguard Information Technology ETF by 1,641.2% in the 2nd quarter. Financial Network Wealth Advisors LLC now owns 296 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 279 shares in the last quarter. Finally, Mosley Wealth Management boosted its holdings in shares of Vanguard Information Technology ETF by 700.0% in the 2nd quarter. Mosley Wealth Management now owns 304 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 266 shares in the last quarter.

Vanguard Information Technology ETF Stock Down 4.3%

Shares of Vanguard Information Technology ETF stock opened at $116.96 on Friday. The firm’s 50 day moving average price is $122.48 and its 200-day moving average price is $109.29. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $130.66. The company has a market cap of $143.87 billion, a P/E ratio of 34.55 and a beta of 1.34.

About Vanguard Information Technology ETF

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.