Riversedge Advisors LLC Purchases 14,002 Shares of Vanguard Information Technology ETF $VGT

Riversedge Advisors LLC raised its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 699.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 16,003 shares of the exchange traded fund’s stock after purchasing an additional 14,002 shares during the period. Riversedge Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $1,913,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Vanguard Information Technology ETF by 34.9% in the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 598 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Vanguard Information Technology ETF by 80.9% during the 1st quarter. AQR Capital Management LLC now owns 4,147 shares of the exchange traded fund’s stock valued at $2,249,000 after buying an additional 1,854 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Vanguard Information Technology ETF by 0.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 112,999 shares of the exchange traded fund’s stock valued at $61,288,000 after buying an additional 305 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in Vanguard Information Technology ETF by 378.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,713 shares of the exchange traded fund’s stock worth $4,453,000 after buying an additional 5,309 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Vanguard Information Technology ETF by 17.9% in the 2nd quarter. First Trust Advisors LP now owns 980 shares of the exchange traded fund’s stock worth $650,000 after buying an additional 149 shares during the period.

Vanguard Information Technology ETF Stock Performance

Shares of VGT stock opened at $122.56 on Friday. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00. The firm has a market capitalization of $150.25 billion, a PE ratio of 34.55 and a beta of 1.34. The stock has a fifty day simple moving average of $116.58 and a two-hundred day simple moving average of $105.11.

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.