Vanguard Information Technology ETF $VGT Shares Acquired by North Forty Two & Co.

North Forty Two & Co. lifted its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 698.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,756 shares of the exchange traded fund’s stock after acquiring an additional 10,284 shares during the period. Vanguard Information Technology ETF makes up approximately 1.2% of North Forty Two & Co.’s investment portfolio, making the stock its 15th largest holding. North Forty Two & Co.’s holdings in Vanguard Information Technology ETF were worth $1,405,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of VGT. Trinity Legacy Partners LLC raised its position in shares of Vanguard Information Technology ETF by 668.7% in the 2nd quarter. Trinity Legacy Partners LLC now owns 65,097 shares of the exchange traded fund’s stock valued at $7,437,000 after purchasing an additional 56,628 shares during the last quarter. KPP Advisory Services LLC purchased a new stake in Vanguard Information Technology ETF during the 2nd quarter worth approximately $211,000. Tenon Financial LLC purchased a new stake in Vanguard Information Technology ETF during the 2nd quarter worth approximately $241,000. Penobscot Investment Management Company Inc. increased its stake in Vanguard Information Technology ETF by 700.0% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 6,344 shares of the exchange traded fund’s stock valued at $758,000 after purchasing an additional 5,551 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG increased its stake in Vanguard Information Technology ETF by 577.4% during the 2nd quarter. Bank Pictet & Cie Europe AG now owns 11,923 shares of the exchange traded fund’s stock valued at $1,425,000 after purchasing an additional 10,163 shares in the last quarter.

Vanguard Information Technology ETF Trading Down 2.2%

NYSEARCA VGT opened at $119.79 on Wednesday. The company has a fifty day simple moving average of $116.78 and a two-hundred day simple moving average of $105.53. The stock has a market cap of $146.85 billion, a P/E ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month high of $126.00.

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.