Vanguard Information Technology ETF $VGT Shares Acquired by North Forty Two & Co.

North Forty Two & Co. lifted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 698.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,756 shares of the exchange traded fund’s stock after purchasing an additional 10,284 shares during the quarter. Vanguard Information Technology ETF comprises 1.2% of North Forty Two & Co.’s holdings, making the stock its 15th largest position. North Forty Two & Co.’s holdings in Vanguard Information Technology ETF were worth $1,405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trinity Legacy Partners LLC boosted its position in Vanguard Information Technology ETF by 668.7% in the second quarter. Trinity Legacy Partners LLC now owns 65,097 shares of the exchange traded fund’s stock valued at $7,437,000 after buying an additional 56,628 shares during the last quarter. KPP Advisory Services LLC acquired a new position in Vanguard Information Technology ETF in the 2nd quarter worth approximately $211,000. Tenon Financial LLC purchased a new position in Vanguard Information Technology ETF during the 2nd quarter worth approximately $241,000. Penobscot Investment Management Company Inc. raised its position in Vanguard Information Technology ETF by 700.0% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 6,344 shares of the exchange traded fund’s stock worth $758,000 after buying an additional 5,551 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG lifted its stake in Vanguard Information Technology ETF by 577.4% during the 2nd quarter. Bank Pictet & Cie Europe AG now owns 11,923 shares of the exchange traded fund’s stock valued at $1,425,000 after acquiring an additional 10,163 shares during the period.

Vanguard Information Technology ETF Price Performance

VGT stock opened at $119.79 on Wednesday. The firm’s fifty day simple moving average is $116.78 and its 200-day simple moving average is $105.53. The company has a market capitalization of $146.85 billion, a P/E ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00.

About Vanguard Information Technology ETF

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.