Redhawk Wealth Advisors Inc. Raises Stock Position in Vanguard Information Technology ETF $VGT

Redhawk Wealth Advisors Inc. increased its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 432.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,002 shares of the exchange traded fund’s stock after acquiring an additional 6,500 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Vanguard Information Technology ETF were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VGT. Kingdom Financial Group LLC. bought a new position in Vanguard Information Technology ETF in the 4th quarter valued at $27,000. Wells Financial Advisors INC purchased a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at $29,000. RHL Group LLC purchased a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at $31,000. Jessup Wealth Management Inc bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth $31,000. Finally, GW&K Investment Management LLC increased its holdings in shares of Vanguard Information Technology ETF by 100.0% in the fourth quarter. GW&K Investment Management LLC now owns 42 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 21 shares during the period.

Vanguard Information Technology ETF Stock Performance

Shares of VGT stock opened at $120.17 on Wednesday. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00. The company has a market capitalization of $147.32 billion, a PE ratio of 34.55 and a beta of 1.34. The business’s fifty day moving average is $116.48 and its 200 day moving average is $104.59.

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.