Integrated Wealth Concepts LLC Grows Stake in Vanguard Information Technology ETF $VGT

Integrated Wealth Concepts LLC increased its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 739.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 206,955 shares of the exchange traded fund’s stock after acquiring an additional 182,287 shares during the period. Integrated Wealth Concepts LLC’s holdings in Vanguard Information Technology ETF were worth $24,735,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC increased its holdings in Vanguard Information Technology ETF by 762.8% in the 2nd quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock worth $436,378,000 after acquiring an additional 3,227,909 shares in the last quarter. Florida Trust Wealth Management Co lifted its holdings in Vanguard Information Technology ETF by 725.8% during the second quarter. Florida Trust Wealth Management Co now owns 21,736 shares of the exchange traded fund’s stock valued at $2,598,000 after purchasing an additional 19,104 shares in the last quarter. First Merchants Corp lifted its holdings in Vanguard Information Technology ETF by 744.7% during the second 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 in the last quarter. Innovative Wealth Building LLC boosted its position in shares of Vanguard Information Technology ETF by 748.5% in the second quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock worth $7,003,000 after purchasing an additional 51,687 shares during the period. Finally, Clark Asset Management LLC boosted its position in shares of Vanguard Information Technology ETF by 1,004.8% in the second quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock worth $659,000 after purchasing an additional 5,014 shares during the period.

Vanguard Information Technology ETF Price Performance

Shares of VGT stock 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 company’s fifty day moving average price is $117.48 and its 200-day moving average price is $108.40. The company has a market capitalization of $148.40 billion, a price-to-earnings ratio of 34.55 and a beta of 1.35.

Vanguard Information Technology ETF Company Profile

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.