Laurel Oak Wealth Management LLC Raises Stock Holdings in Vanguard Information Technology ETF $VGT

Laurel Oak Wealth Management LLC boosted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 701.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,220 shares of the exchange traded fund’s stock after buying an additional 90,344 shares during the quarter. Vanguard Information Technology ETF accounts for about 1.8% of Laurel Oak Wealth Management LLC’s holdings, making the stock its 13th biggest holding. Laurel Oak Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $12,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Kingdom Financial Group LLC. purchased a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Vanguard Information Technology ETF by 497.4% during the 2nd 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 period. Wells Financial Advisors INC purchased a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth approximately $29,000. RHL Group LLC acquired a new stake in Vanguard Information Technology ETF in the 4th quarter valued at approximately $31,000. Finally, Jessup Wealth Management Inc acquired a new stake in Vanguard Information Technology ETF in the 4th quarter valued at approximately $31,000.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT opened at $122.56 on Monday. The firm has a market cap of $150.25 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00. The business’s 50 day moving average is $116.58 and its two-hundred day moving average is $105.18.

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.