Sarasin & Partners LLP Makes New $8.23 Million Investment in Vanguard Information Technology ETF $VGT

Sarasin & Partners LLP purchased a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) in the second quarter, HoldingsChannel.com reports. The fund purchased 68,882 shares of the exchange traded fund’s stock, valued at approximately $8,233,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingdom Financial Group LLC. purchased a new stake in shares of Vanguard Information Technology ETF during the fourth quarter worth about $27,000. Wells Financial Advisors INC purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Vanguard Information Technology ETF during the fourth quarter worth approximately $30,000. Semmax Financial Advisors Inc. acquired a new stake in Vanguard Information Technology ETF during the second quarter worth approximately $31,000. Finally, RHL Group LLC purchased a new stake in Vanguard Information Technology ETF in the 4th quarter worth approximately $31,000.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $119.60 on Friday. The stock has a fifty day moving average of $116.66 and a two-hundred day moving average of $104.02. The company has a market capitalization of $146.62 billion, a PE ratio of 34.55 and a beta of 1.34. 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 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.