Sequoia Financial Advisors LLC Has $7.98 Million Stake in Vanguard Information Technology ETF $VGT

Sequoia Financial Advisors LLC grew its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 508.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,744 shares of the exchange traded fund’s stock after acquiring an additional 55,767 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $7,977,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Folger Nolan Fleming Douglas Capital Management Inc. grew its position in shares of Vanguard Information Technology ETF by 690.1% in the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 1,378,210 shares of the exchange traded fund’s stock valued at $164,724,000 after purchasing an additional 1,203,781 shares during the period. Armstrong Advisory Group Inc. increased its stake in Vanguard Information Technology ETF by 704.1% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,027,235 shares of the exchange traded fund’s stock worth $122,775,000 after purchasing an additional 899,479 shares in the last quarter. Systematic Alpha Investments LLC increased its stake in Vanguard Information Technology ETF by 700.0% during the 1st quarter. Systematic Alpha Investments LLC now owns 658,400 shares of the exchange traded fund’s stock worth $459,379,000 after purchasing an additional 576,100 shares in the last quarter. Focus Partners Wealth raised its holdings in Vanguard Information Technology ETF by 78.8% during the 4th quarter. Focus Partners Wealth now owns 1,297,055 shares of the exchange traded fund’s stock worth $977,603,000 after buying an additional 571,488 shares during the period. Finally, Spire Wealth Management raised its holdings in Vanguard Information Technology ETF by 669.8% during the 2nd quarter. Spire Wealth Management now owns 575,609 shares of the exchange traded fund’s stock worth $68,789,000 after buying an additional 500,833 shares during the period.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $122.56 on Friday. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $126.00. The firm’s 50 day moving average price is $116.58 and its two-hundred day moving average price is $105.11. The firm has a market cap of $150.25 billion, a P/E ratio of 34.55 and a beta of 1.34.

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.