Vanguard Information Technology ETF $VGT Stake Boosted by IFP Advisors Inc

IFP Advisors Inc lifted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 731.7% during the second quarter, Holdings Channel reports. The firm owned 275,462 shares of the exchange traded fund’s stock after buying an additional 242,342 shares during the period. IFP Advisors Inc’s holdings in Vanguard Information Technology ETF were worth $32,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC boosted its position in Vanguard Information Technology ETF by 34.9% during the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 598 shares during the period. AQR Capital Management LLC increased its position in Vanguard Information Technology ETF by 80.9% in the first quarter. AQR Capital Management LLC now owns 4,147 shares of the exchange traded fund’s stock worth $2,249,000 after buying an additional 1,854 shares during the period. Goldman Sachs Group Inc. increased its position in Vanguard Information Technology ETF by 0.3% in the first quarter. Goldman Sachs Group Inc. now owns 112,999 shares of the exchange traded fund’s stock worth $61,288,000 after buying an additional 305 shares during the period. Schnieders Capital Management LLC. lifted its stake in Vanguard Information Technology ETF by 378.1% in the second quarter. Schnieders Capital Management LLC. now owns 6,713 shares of the exchange traded fund’s stock valued at $4,453,000 after buying an additional 5,309 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Vanguard Information Technology ETF by 17.9% in the second quarter. First Trust Advisors LP now owns 980 shares of the exchange traded fund’s stock valued at $650,000 after buying an additional 149 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $122.56 on Friday. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $126.00. The company has a market cap of $150.25 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The firm has a fifty day moving average of $116.58 and a 200-day moving average of $105.11.

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.