NWF Advisory Services Inc. Has $14.70 Million Stock Holdings in Vanguard Information Technology ETF $VGT

NWF Advisory Services Inc. increased its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 737.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 123,009 shares of the exchange traded fund’s stock after acquiring an additional 108,328 shares during the quarter. Vanguard Information Technology ETF comprises 1.4% of NWF Advisory Services Inc.’s investment portfolio, making the stock its 17th biggest position. NWF Advisory Services Inc.’s holdings in Vanguard Information Technology ETF were worth $14,702,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingdom Financial Group LLC. acquired a new stake in Vanguard Information Technology ETF during the fourth quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 acquiring an additional 194 shares during the period. RHL Group LLC acquired a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000. Jessup Wealth Management Inc acquired a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000. Finally, Semmax Financial Advisors Inc. bought a new position in shares of Vanguard Information Technology ETF during the second quarter worth approximately $31,000.

Vanguard Information Technology ETF Trading Up 1.5%

NYSEARCA:VGT opened at $120.88 on Friday. The stock has a market cap of $148.19 billion, a P/E ratio of 34.55 and a beta of 1.35. The stock has a 50 day simple moving average of $117.20 and a 200 day simple moving average of $107.77. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year 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.