Financial Insights Inc. Increases Holdings in Vanguard Information Technology ETF $VGT

Financial Insights Inc. lifted its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 532.2% in the second quarter, Holdings Channel reports. The fund owned 7,668 shares of the exchange traded fund’s stock after purchasing an additional 6,455 shares during the quarter. Financial Insights Inc.’s holdings in Vanguard Information Technology ETF were worth $916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Florida Trust Wealth Management Co raised its stake in shares of Vanguard Information Technology ETF by 725.8% in the second quarter. Florida Trust Wealth Management Co now owns 21,736 shares of the exchange traded fund’s stock valued at $2,598,000 after acquiring an additional 19,104 shares during the period. First Merchants Corp boosted its stake in shares of Vanguard Information Technology ETF by 744.7% during the 2nd quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock worth $39,631,000 after purchasing an additional 292,331 shares during the period. Innovative Wealth Building LLC boosted its stake in shares of Vanguard Information Technology ETF by 748.5% during the 2nd quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock worth $7,003,000 after purchasing an additional 51,687 shares during the period. Clark Asset Management LLC grew its holdings in Vanguard Information Technology ETF by 1,004.8% during the 2nd quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock valued at $659,000 after purchasing an additional 5,014 shares during the last quarter. Finally, Financial & Tax Architects LLC bought a new position in Vanguard Information Technology ETF during the 2nd quarter valued at about $491,000.

Vanguard Information Technology ETF Price Performance

Vanguard Information Technology ETF stock opened at $121.27 on Monday. The firm has a market capitalization of $148.67 billion, a P/E ratio of 34.55 and a beta of 1.35. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00. The company’s 50-day moving average is $117.35 and its 200 day moving average is $107.98.

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.