14,170 Shares in Vanguard Information Technology ETF $VGT Acquired by Summitas Investment Management LLC

Summitas Investment Management LLC acquired a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,170 shares of the exchange traded fund’s stock, valued at approximately $9,887,000. Vanguard Information Technology ETF accounts for 7.8% of Summitas Investment Management LLC’s holdings, making the stock its 4th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goepper Burkhardt LLC boosted its stake in Vanguard Information Technology ETF by 3.2% in the first quarter. Goepper Burkhardt LLC now owns 9,033 shares of the exchange traded fund’s stock valued at $6,303,000 after acquiring an additional 281 shares during the last quarter. First Trust Advisors LP raised its position in shares of Vanguard Information Technology ETF by 93.0% during the 1st quarter. First Trust Advisors LP now owns 4,237 shares of the exchange traded fund’s stock valued at $2,956,000 after acquiring an additional 2,042 shares during the last quarter. Atlantic Family Wealth LLC lifted its stake in shares of Vanguard Information Technology ETF by 10.3% in the 1st quarter. Atlantic Family Wealth LLC now owns 7,506 shares of the exchange traded fund’s stock valued at $5,237,000 after purchasing an additional 702 shares during the period. One Charles Private Wealth Services LLC lifted its stake in shares of Vanguard Information Technology ETF by 7.3% in the 1st quarter. One Charles Private Wealth Services LLC now owns 7,898 shares of the exchange traded fund’s stock valued at $5,511,000 after purchasing an additional 536 shares during the period. Finally, Johnson Financial Group Inc. boosted its position in shares of Vanguard Information Technology ETF by 18.0% in the 1st quarter. Johnson Financial Group Inc. now owns 903 shares of the exchange traded fund’s stock worth $630,000 after purchasing an additional 138 shares during the last quarter.

Vanguard Information Technology ETF Stock Up 2.5%

NYSEARCA:VGT opened at $116.01 on Wednesday. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month high of $126.00. The stock’s fifty day simple moving average is $116.74 and its 200-day simple moving average is $102.36. The firm has a market capitalization of $142.22 billion, a P/E 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.