NewEdge Advisors LLC Buys 348,015 Shares of Vanguard Information Technology ETF $VGT

NewEdge Advisors LLC lifted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 883.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 387,394 shares of the exchange traded fund’s stock after buying an additional 348,015 shares during the quarter. NewEdge Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $46,301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. GFG Capital LLC lifted its stake in Vanguard Information Technology ETF by 700.0% in the 2nd quarter. GFG Capital LLC now owns 3,216 shares of the exchange traded fund’s stock worth $384,000 after purchasing an additional 2,814 shares in the last quarter. Pointe Capital Management LLC bought a new stake in shares of Vanguard Information Technology ETF in the second quarter worth about $204,000. IFP Advisors Inc lifted its position in shares of Vanguard Information Technology ETF by 731.7% in the second quarter. IFP Advisors Inc now owns 275,462 shares of the exchange traded fund’s stock worth $32,923,000 after buying an additional 242,342 shares in the last quarter. Roble Belko & Company Inc lifted its position in shares of Vanguard Information Technology ETF by 700.0% in the second quarter. Roble Belko & Company Inc now owns 8,336 shares of the exchange traded fund’s stock worth $996,000 after buying an additional 7,294 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in Vanguard Information Technology ETF by 158.2% during the second quarter. Squarepoint Ops LLC now owns 14,264 shares of the exchange traded fund’s stock valued at $1,705,000 after buying an additional 8,740 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

NYSEARCA VGT opened at $120.89 on Thursday. The stock has a market capitalization of $148.20 billion, a PE ratio of 34.55 and a beta of 1.35. The business has a 50 day simple moving average of $117.55 and a two-hundred day simple moving average of $108.60. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year 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.