Chesapeake Wealth Management Has $1.41 Million Holdings in Vanguard Information Technology ETF $VGT

Chesapeake Wealth Management raised its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 573.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,830 shares of the exchange traded fund’s stock after buying an additional 10,073 shares during the quarter. Chesapeake Wealth Management’s holdings in Vanguard Information Technology ETF were worth $1,414,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Kingdom Financial Group LLC. bought a new stake in Vanguard Information Technology ETF in the 4th quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Vanguard Information Technology ETF by 497.4% in the 2nd 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 last quarter. RHL Group LLC bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $31,000. Jessup Wealth Management Inc bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $31,000. Finally, Semmax Financial Advisors Inc. acquired a new position in shares of Vanguard Information Technology ETF during the second quarter valued at about $31,000.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $118.87 on Wednesday. The company has a 50-day simple moving average of $117.02 and a 200-day simple moving average of $107.37. 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 $145.72 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.