Chapin Davis Inc. Purchases 8,701 Shares of Vanguard Information Technology ETF $VGT

Chapin Davis Inc. grew its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,943 shares of the exchange traded fund’s stock after buying an additional 8,701 shares during the quarter. Chapin Davis Inc.’s holdings in Vanguard Information Technology ETF were worth $1,188,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VGT. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Vanguard Information Technology ETF by 693.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock valued at $289,390,000 after acquiring an additional 2,116,095 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its holdings in Vanguard Information Technology ETF by 690.1% in the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 1,378,210 shares of the exchange traded fund’s stock worth $164,724,000 after acquiring an additional 1,203,781 shares during the last quarter. Taiyo Life Insurance Co. increased its stake in shares of Vanguard Information Technology ETF by 700.0% in the second quarter. Taiyo Life Insurance Co. now owns 1,352,000 shares of the exchange traded fund’s stock worth $161,591,000 after purchasing an additional 1,183,000 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in Vanguard Information Technology ETF by 704.1% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,027,235 shares of the exchange traded fund’s stock valued at $122,775,000 after buying an additional 899,479 shares in the last quarter. Finally, Bailard Inc. grew its position in shares of Vanguard Information Technology ETF by 703.9% in the second quarter. Bailard Inc. now owns 912,145 shares of the exchange traded fund’s stock valued at $109,020,000 after purchasing an additional 798,678 shares in the last quarter.

Vanguard Information Technology ETF Stock Down 1.5%

Shares of VGT opened at $120.07 on Friday. The business’s 50-day moving average price is $116.96 and its 200-day moving average price is $106.91. The stock has a market cap of $147.20 billion, a PE ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $126.00.

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.