Shah Wealth Advisors LLC Invests $33.16 Million in Vanguard Information Technology ETF $VGT

Shah Wealth Advisors LLC purchased a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the second quarter, Holdings Channel.com reports. The firm purchased 277,415 shares of the exchange traded fund’s stock, valued at approximately $33,157,000. Vanguard Information Technology ETF comprises 7.7% of Shah Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest holding.

Several other hedge funds have also made changes to their positions in VGT. Succession Financial Inc. acquired a new stake in Vanguard Information Technology ETF during the 2nd quarter valued at $1,487,000. Maloon Powers Pitre Higgins & Dennehy LLC acquired a new stake in shares of Vanguard Information Technology ETF in the second quarter worth $1,495,000. Markowski Investments purchased a new position in shares of Vanguard Information Technology ETF during the second quarter valued at $28,701,000. Timbuktu Capital Management LLC purchased a new position in shares of Vanguard Information Technology ETF during the second quarter valued at $3,151,000. Finally, Strive Financial Group LLC raised its position in Vanguard Information Technology ETF by 700.0% during the second quarter. Strive Financial Group LLC now owns 976 shares of the exchange traded fund’s stock valued at $117,000 after buying an additional 854 shares during the period.

Vanguard Information Technology ETF Trading Up 0.3%

Shares of NYSEARCA VGT opened at $121.27 on Friday. Vanguard Information Technology ETF has a one year low of $83.09 and a one year high of $126.00. The firm has a market capitalization of $148.67 billion, a PE ratio of 34.55 and a beta of 1.35. The business has a 50-day moving average price of $117.35 and a two-hundred day moving average price of $107.87.

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.