HB Wealth Management LLC Boosts Stake in Vanguard Information Technology ETF $VGT

HB Wealth Management LLC lifted its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 116.2% during the third quarter, Holdings Channel reports. The institutional investor owned 26,633 shares of the exchange traded fund’s stock after acquiring an additional 14,316 shares during the quarter. HB Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $19,885,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. China Universal Asset Management Co. Ltd. increased its stake in shares of Vanguard Information Technology ETF by 110.5% during the second quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 21 shares in the last quarter. Semmax Financial Advisors Inc. bought a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter worth approximately $31,000. Kilter Group LLC purchased a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter worth approximately $37,000. Sawyer & Company Inc purchased a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter worth approximately $38,000. Finally, Rice Partnership LLC bought a new position in Vanguard Information Technology ETF during the 2nd quarter valued at approximately $40,000.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA:VGT opened at $766.10 on Thursday. The business has a fifty day moving average price of $759.02 and a 200-day moving average price of $727.13. The company has a market capitalization of $114.64 billion, a PE ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 1-year low of $451.00 and a 1-year high of $806.99.

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.