Rinkey Investments Purchases 17,444 Shares of Vanguard Information Technology ETF $VGT

Rinkey Investments lifted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,935 shares of the exchange traded fund’s stock after purchasing an additional 17,444 shares during the quarter. Rinkey Investments’ holdings in Vanguard Information Technology ETF were worth $2,383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Kingdom Financial Group LLC. bought a new position in Vanguard Information Technology ETF in the 4th quarter worth about $27,000. RHL Group LLC bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at about $31,000. Jessup Wealth Management Inc purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth about $31,000. GW&K Investment Management LLC grew its holdings in shares of Vanguard Information Technology ETF by 100.0% during the fourth quarter. GW&K Investment Management LLC now owns 42 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 21 shares in the last quarter. Finally, Semmax Financial Advisors Inc. bought a new position in shares of Vanguard Information Technology ETF in the second quarter worth approximately $31,000.

Vanguard Information Technology ETF Price Performance

Shares of VGT opened at $120.49 on Tuesday. The firm’s 50 day simple moving average is $116.96 and its 200 day simple moving average is $107.19. The company has a market capitalization of $147.71 billion, a P/E ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00.

Vanguard Information Technology ETF 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.