Elm Partners Management LLC Has $7.55 Million Holdings in Vanguard Information Technology ETF $VGT

Elm Partners Management LLC raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 893.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,210 shares of the exchange traded fund’s stock after purchasing an additional 56,849 shares during the period. Vanguard Information Technology ETF makes up approximately 0.3% of Elm Partners Management LLC’s holdings, making the stock its 20th biggest position. Elm Partners Management LLC’s holdings in Vanguard Information Technology ETF were worth $7,555,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VGT. Kingdom Financial Group LLC. bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. grew 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 worth $28,000 after buying an additional 194 shares in the last quarter. Wells Financial Advisors INC bought a new position in Vanguard Information Technology ETF during the fourth quarter valued at about $29,000. RHL Group LLC bought a new position in Vanguard Information Technology ETF during the fourth quarter valued at about $31,000. Finally, Jessup Wealth Management Inc bought a new position in Vanguard Information Technology ETF during the fourth quarter valued at about $31,000.

Vanguard Information Technology ETF Stock Down 0.4%

Vanguard Information Technology ETF stock opened at $118.36 on Friday. The business has a 50 day moving average price of $116.96 and a two-hundred day moving average price of $105.87. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The stock has a market cap of $145.10 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.