Farther Finance Advisors LLC Purchases 148,801 Shares of Vanguard Information Technology ETF $VGT

Farther Finance Advisors LLC grew its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 893.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 165,459 shares of the exchange traded fund’s stock after purchasing an additional 148,801 shares during the quarter. Farther Finance Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $19,764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VGT. First Merchants Corp grew its holdings in 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 acquiring an additional 292,331 shares in the last quarter. Clark Asset Management LLC raised its holdings in shares of Vanguard Information Technology ETF by 1,004.8% in 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 in the last quarter. Baron Financial Group LLC lifted its position in shares of Vanguard Information Technology ETF by 700.0% in the 2nd quarter. Baron Financial Group LLC now owns 5,024 shares of the exchange traded fund’s stock worth $600,000 after purchasing an additional 4,396 shares during the period. Ballast Inc. lifted its position in shares of Vanguard Information Technology ETF by 848.4% in the 2nd quarter. Ballast Inc. now owns 50,009 shares of the exchange traded fund’s stock worth $5,977,000 after purchasing an additional 44,736 shares during the period. Finally, Abound Wealth Management lifted its position in shares of Vanguard Information Technology ETF by 668.5% in the 2nd quarter. Abound Wealth Management now owns 5,103 shares of the exchange traded fund’s stock worth $610,000 after purchasing an additional 4,439 shares during the period.

Vanguard Information Technology ETF Stock Performance

NYSEARCA VGT opened at $122.56 on Friday. The company has a market cap of $150.25 billion, a PE ratio of 34.55 and a beta of 1.34. The firm’s 50 day moving average price is $116.58 and its 200-day moving average price is $105.11. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00.

About Vanguard Information Technology ETF

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.