Red Lighthouse Investment Management LLC Boosts Stock Holdings in Vanguard Information Technology ETF $VGT

Red Lighthouse Investment Management LLC raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,424 shares of the exchange traded fund’s stock after acquiring an additional 10,871 shares during the period. Red Lighthouse Investment Management LLC’s holdings in Vanguard Information Technology ETF were worth $1,485,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Florida Trust Wealth Management Co increased its position in Vanguard Information Technology ETF by 725.8% in the second quarter. Florida Trust Wealth Management Co now owns 21,736 shares of the exchange traded fund’s stock worth $2,598,000 after purchasing an additional 19,104 shares during the last quarter. First Merchants Corp raised its stake in Vanguard Information Technology ETF by 744.7% during the second quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock valued at $39,631,000 after purchasing an additional 292,331 shares in the last quarter. Innovative Wealth Building LLC lifted its position in Vanguard Information Technology ETF by 748.5% during the second quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock valued at $7,003,000 after purchasing an additional 51,687 shares during the last quarter. Clark Asset Management LLC lifted its position in Vanguard Information Technology ETF by 1,004.8% during the second quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock valued at $659,000 after purchasing an additional 5,014 shares during the last quarter. Finally, Financial & Tax Architects LLC bought a new position in Vanguard Information Technology ETF during the second quarter valued at $491,000.

Vanguard Information Technology ETF Stock Up 0.3%

Shares of NYSEARCA:VGT opened at $121.27 on Friday. The firm has a fifty day simple moving average of $117.35 and a two-hundred day simple moving average of $107.87. Vanguard Information Technology ETF has a 52 week low of $83.09 and a 52 week high of $126.00. The stock has a market capitalization of $148.67 billion, a P/E ratio of 34.55 and a beta of 1.35.

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.