Lunt Capital Management Inc. Grows Position in Vanguard Information Technology ETF $VGT

Lunt Capital Management Inc. grew its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,320 shares of the exchange traded fund’s stock after acquiring an additional 6,405 shares during the quarter. Lunt Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of VGT. Kingdom Financial Group LLC. bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Vanguard Information Technology ETF by 497.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 194 shares during the last quarter. Wells Financial Advisors INC bought a new stake in Vanguard Information Technology ETF in the fourth quarter worth $29,000. RHL Group LLC purchased a new stake in Vanguard Information Technology ETF during the fourth quarter valued at $31,000. Finally, Jessup Wealth Management Inc purchased a new stake in Vanguard Information Technology ETF during the fourth quarter valued at $31,000.

Vanguard Information Technology ETF Stock Down 0.4%

VGT stock opened at $118.36 on Friday. Vanguard Information Technology ETF has a 52 week low of $83.09 and a 52 week high of $126.00. The firm has a market capitalization of $145.10 billion, a P/E ratio of 34.55 and a beta of 1.34. The company has a fifty day simple moving average of $116.96 and a two-hundred day simple moving average of $105.87.

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.