High Point Wealth Management LLC Purchases 4,528 Shares of Vanguard Information Technology ETF $VGT

High Point Wealth Management LLC increased its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 694.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,180 shares of the exchange traded fund’s stock after acquiring an additional 4,528 shares during the quarter. High Point Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Merchants Corp raised its position in shares of Vanguard Information Technology ETF by 744.7% in the second quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock valued at $39,631,000 after purchasing an additional 292,331 shares during the period. Clark Asset Management LLC boosted its holdings in Vanguard Information Technology ETF by 1,004.8% in the 2nd quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock worth $659,000 after buying an additional 5,014 shares during the period. Baron Financial Group LLC boosted its holdings in Vanguard Information Technology ETF by 700.0% in the 2nd quarter. Baron Financial Group LLC now owns 5,024 shares of the exchange traded fund’s stock worth $600,000 after buying an additional 4,396 shares during the period. Abound Wealth Management boosted its holdings in Vanguard Information Technology ETF by 668.5% in the 2nd quarter. Abound Wealth Management now owns 5,103 shares of the exchange traded fund’s stock worth $610,000 after buying an additional 4,439 shares during the period. Finally, Ballast Inc. grew its stake in Vanguard Information Technology ETF by 848.4% in the 2nd quarter. Ballast Inc. now owns 50,009 shares of the exchange traded fund’s stock valued at $5,977,000 after buying an additional 44,736 shares in the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of VGT stock opened at $122.56 on Monday. The company’s fifty day simple moving average is $116.58 and its two-hundred day simple moving average is $105.18. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $126.00. The stock has a market capitalization of $150.25 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

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.