J. L. Bainbridge & Co. Inc. Raises Holdings in Vanguard Information Technology ETF $VGT

J. L. Bainbridge & Co. Inc. lifted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 694.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,664 shares of the exchange traded fund’s stock after buying an additional 5,825 shares during the quarter. J. L. Bainbridge & Co. Inc.’s holdings in Vanguard Information Technology ETF were worth $797,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VGT. Kingdom Financial Group LLC. purchased a new stake in Vanguard Information Technology ETF in the fourth quarter worth about $27,000. Wells Financial Advisors INC purchased a new position in Vanguard Information Technology ETF during the 4th quarter valued at about $29,000. RHL Group LLC purchased a new position in Vanguard Information Technology ETF during the 4th quarter valued at about $31,000. Jessup Wealth Management Inc bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $31,000. Finally, GW&K Investment Management LLC raised its holdings in shares of Vanguard Information Technology ETF by 100.0% in the 4th quarter. GW&K Investment Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 21 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $122.56 on Monday. The company has a 50 day moving average price of $116.58 and a 200-day moving average price of $105.18. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00. The stock has a market capitalization of $150.25 billion, a PE ratio of 34.55 and a beta of 1.34.

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.