Lam Group Inc. Increases Stock Holdings in Vanguard Information Technology ETF $VGT

Lam Group Inc. lifted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 697.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,756 shares of the exchange traded fund’s stock after buying an additional 34,773 shares during the quarter. Vanguard Information Technology ETF comprises about 2.4% of Lam Group Inc.’s holdings, making the stock its 17th biggest holding. Lam Group Inc.’s holdings in Vanguard Information Technology ETF were worth $4,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Clark Asset Management LLC boosted its stake 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 worth $659,000 after purchasing an additional 5,014 shares during the period. Baron Financial Group LLC increased its stake in Vanguard Information Technology ETF by 700.0% in the second quarter. Baron Financial Group LLC now owns 5,024 shares of the exchange traded fund’s stock valued at $600,000 after purchasing an additional 4,396 shares during the period. Focus Financial Network Inc. increased its stake in Vanguard Information Technology ETF by 234.1% in the second quarter. Focus Financial Network Inc. now owns 23,788 shares of the exchange traded fund’s stock valued at $2,843,000 after purchasing an additional 16,669 shares during the period. Bank of America Corp DE raised its holdings in shares of Vanguard Information Technology ETF by 1.6% in the first quarter. Bank of America Corp DE now owns 15,105,780 shares of the exchange traded fund’s stock valued at $10,539,605,000 after buying an additional 241,421 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Vanguard Information Technology ETF by 588.4% in the second quarter. Avior Wealth Management LLC now owns 9,424 shares of the exchange traded fund’s stock valued at $1,126,000 after buying an additional 8,055 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $120.17 on Wednesday. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00. The firm has a 50-day simple moving average of $116.48 and a 200-day simple moving average of $104.59. The company has a market capitalization of $147.32 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

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.