Vanguard Information Technology ETF $VGT Shares Bought by Redstone Wealth Management LLC

Redstone Wealth Management LLC boosted its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 198,175 shares of the exchange traded fund’s stock after buying an additional 4,293 shares during the quarter. Vanguard Information Technology ETF makes up approximately 15.6% of Redstone Wealth Management LLC’s investment portfolio, making the stock its biggest holding. Redstone Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $24,905,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its stake in 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 acquiring an additional 241,421 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Vanguard Information Technology ETF by 657.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock worth $565,516,000 after purchasing an additional 4,107,038 shares during the last quarter. Systematic Alpha Investments LLC lifted its stake in Vanguard Information Technology ETF by 700.0% during the 1st quarter. Systematic Alpha Investments LLC now owns 658,400 shares of the exchange traded fund’s stock valued at $459,379,000 after acquiring an additional 576,100 shares during the period. HighTower Advisors LLC lifted its position in 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 valued at $436,378,000 after purchasing an additional 3,227,909 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Vanguard Information Technology ETF by 817.3% in the second quarter. Envestnet Asset Management Inc. now owns 3,330,327 shares of the exchange traded fund’s stock worth $398,041,000 after buying an additional 2,967,256 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT opened at $120.20 on Wednesday. The firm’s 50 day simple moving average is $122.50 and its 200-day simple moving average is $115.58. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $130.66. The stock has a market capitalization of $147.85 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

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.