Independent Wealth Network Inc. Raises Position in Vanguard Information Technology ETF $VGT

Independent Wealth Network Inc. increased its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 768.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,846 shares of the exchange traded fund’s stock after buying an additional 5,173 shares during the quarter. Independent Wealth Network Inc.’s holdings in Vanguard Information Technology ETF were worth $699,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in Vanguard Information Technology ETF by 34.9% in the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 598 shares during the period. AQR Capital Management LLC grew its position in Vanguard Information Technology ETF by 80.9% in the first quarter. AQR Capital Management LLC now owns 4,147 shares of the exchange traded fund’s stock valued at $2,249,000 after acquiring an additional 1,854 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Vanguard Information Technology ETF by 0.3% during the first quarter. Goldman Sachs Group Inc. now owns 112,999 shares of the exchange traded fund’s stock valued at $61,288,000 after purchasing an additional 305 shares during the period. Schnieders Capital Management LLC. raised its stake in shares of Vanguard Information Technology ETF by 378.1% during the second quarter. Schnieders Capital Management LLC. now owns 6,713 shares of the exchange traded fund’s stock valued at $4,453,000 after purchasing an additional 5,309 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Vanguard Information Technology ETF by 17.9% during the second quarter. First Trust Advisors LP now owns 980 shares of the exchange traded fund’s stock worth $650,000 after purchasing an additional 149 shares in the last quarter.

Vanguard Information Technology ETF Trading Down 0.3%

NYSEARCA VGT opened at $122.56 on Friday. The stock has a market cap of $150.25 billion, a P/E ratio of 34.55 and a beta of 1.34. The company’s fifty day simple moving average is $116.58 and its 200-day simple moving average 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.