NewEdge Advisors LLC Buys 348,015 Shares of Vanguard Information Technology ETF $VGT

NewEdge Advisors LLC grew its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 883.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 387,394 shares of the exchange traded fund’s stock after buying an additional 348,015 shares during the period. NewEdge Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $46,301,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Kingdom Financial Group LLC. purchased a new position in Vanguard Information Technology ETF during the fourth quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Vanguard Information Technology ETF by 497.4% in the second 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 in the last quarter. RHL Group LLC bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at $31,000. Jessup Wealth Management Inc bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at $31,000. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of Vanguard Information Technology ETF during the 2nd quarter valued at $31,000.

Vanguard Information Technology ETF Stock Performance

VGT opened at $120.89 on Thursday. The stock has a market cap of $148.20 billion, a price-to-earnings ratio of 34.55 and a beta of 1.35. The firm’s fifty day moving average is $117.55 and its 200 day moving average is $108.60. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00.

Vanguard Information Technology ETF Company Profile

(Free Report)

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.

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