Resolute Advisors LLC Purchases 15,527 Shares of Vanguard Information Technology ETF $VGT

Resolute Advisors LLC raised its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 698.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,749 shares of the exchange traded fund’s stock after acquiring an additional 15,527 shares during the period. Vanguard Information Technology ETF makes up approximately 0.5% of Resolute Advisors LLC’s holdings, making the stock its 23rd biggest holding. Resolute Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $2,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VGT. Kingdom Financial Group LLC. bought a new stake in Vanguard Information Technology ETF in the fourth quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Vanguard Information Technology ETF by 497.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 194 shares during the last quarter. RHL Group LLC purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter worth $31,000. Jessup Wealth Management Inc bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth about $31,000. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter worth about $31,000.

Vanguard Information Technology ETF Trading Down 1.3%

Shares of NYSEARCA VGT opened at $118.87 on Wednesday. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month high of $126.00. The firm’s 50-day moving average price is $117.02 and its 200-day moving average price is $107.37. The stock has a market capitalization of $145.72 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

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.