McNaughton Wealth Management LLC Has $2.16 Million Holdings in Vanguard Information Technology ETF $VGT

McNaughton Wealth Management LLC boosted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.0% in the second quarter, Holdings Channel reports. The firm owned 18,072 shares of the exchange traded fund’s stock after purchasing an additional 15,813 shares during the quarter. McNaughton Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $2,160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VGT. Bank of America Corp DE boosted its holdings in shares of Vanguard Information Technology ETF by 1.6% during the 1st 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. Trilogy Capital Inc. increased its holdings in Vanguard Information Technology ETF by 604.7% in the 2nd quarter. Trilogy Capital Inc. now owns 34,666 shares of the exchange traded fund’s stock worth $4,143,000 after purchasing an additional 29,747 shares in the last quarter. Fifth Third Bancorp increased its holdings in Vanguard Information Technology ETF by 143.1% in the 1st quarter. Fifth Third Bancorp now owns 118,764 shares of the exchange traded fund’s stock worth $82,864,000 after purchasing an additional 69,911 shares in the last quarter. CoreCap Advisors LLC raised its position in Vanguard Information Technology ETF by 704.3% in the second quarter. CoreCap Advisors LLC now owns 154,381 shares of the exchange traded fund’s stock valued at $18,452,000 after purchasing an additional 135,186 shares during the last quarter. Finally, Everest Financial Group LLC bought a new position in Vanguard Information Technology ETF in the first quarter valued at about $3,937,000.

Vanguard Information Technology ETF Trading Down 0.4%

Shares of VGT stock opened at $119.72 on Thursday. The business’s 50-day moving average price is $116.65 and its 200-day moving average price is $103.85. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The firm has a market capitalization of $146.77 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

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.