Red Mountain Financial LLC Has $861,000 Stock Position in Vanguard Information Technology ETF $VGT

Red Mountain Financial LLC grew its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 687.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,201 shares of the exchange traded fund’s stock after acquiring an additional 6,287 shares during the quarter. Vanguard Information Technology ETF accounts for about 0.7% of Red Mountain Financial LLC’s holdings, making the stock its 28th largest position. Red Mountain Financial LLC’s holdings in Vanguard Information Technology ETF were worth $861,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Kingdom Financial Group LLC. acquired a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Vanguard Information Technology ETF by 497.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 194 shares during the period. Wells Financial Advisors INC acquired a new stake in Vanguard Information Technology ETF during the fourth quarter worth $29,000. RHL Group LLC acquired a new stake in Vanguard Information Technology ETF during the fourth quarter worth $31,000. Finally, Jessup Wealth Management Inc bought a new stake in Vanguard Information Technology ETF in the 4th quarter valued at $31,000.

Vanguard Information Technology ETF Price Performance

Shares of Vanguard Information Technology ETF stock opened at $122.56 on Monday. 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 company’s fifty day moving average price is $116.58 and its two-hundred day moving average price is $105.18.

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.