Waverly Advisors LLC Buys 132,660 Shares of Vanguard Information Technology ETF $VGT

Waverly Advisors LLC grew its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 997.0% in the second quarter, HoldingsChannel.com reports. The firm owned 145,966 shares of the exchange traded fund’s stock after buying an additional 132,660 shares during the quarter. Waverly Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $17,446,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in VGT. HighTower Advisors LLC boosted its holdings in shares of Vanguard Information Technology ETF by 762.8% during the second quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock worth $436,378,000 after purchasing an additional 3,227,909 shares during the period. Florida Trust Wealth Management Co grew its stake in shares of Vanguard Information Technology ETF by 725.8% in the second quarter. Florida Trust Wealth Management Co now owns 21,736 shares of the exchange traded fund’s stock worth $2,598,000 after purchasing an additional 19,104 shares during the last quarter. First Merchants Corp increased 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 valued at $39,631,000 after purchasing an additional 292,331 shares during the period. Innovative Wealth Building LLC increased its holdings in Vanguard Information Technology ETF by 748.5% during the 2nd quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock valued at $7,003,000 after purchasing an additional 51,687 shares during the period. Finally, Clark Asset Management LLC increased its holdings 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 valued at $659,000 after purchasing an additional 5,014 shares during the period.

Vanguard Information Technology ETF Price Performance

VGT opened at $121.05 on Wednesday. Vanguard Information Technology ETF has a one year low of $83.09 and a one year high of $126.00. The business has a 50 day simple moving average of $117.48 and a two-hundred day simple moving average of $108.40. The firm has a market capitalization of $148.40 billion, a price-to-earnings ratio of 34.55 and a beta of 1.35.

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.