IPG Investment Advisors LLC Boosts Holdings in Vanguard Information Technology ETF $VGT

IPG Investment Advisors LLC grew its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 267.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,026 shares of the exchange traded fund’s stock after buying an additional 4,388 shares during the period. IPG Investment Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $720,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Kingdom Financial Group LLC. acquired a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth about $27,000. RHL Group LLC acquired a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000. Jessup Wealth Management Inc purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $31,000. GW&K Investment Management LLC lifted its stake in shares of Vanguard Information Technology ETF by 100.0% during the fourth quarter. GW&K Investment Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 21 shares during the period. Finally, Semmax Financial Advisors Inc. acquired a new stake in Vanguard Information Technology ETF during the second quarter worth approximately $31,000.

Vanguard Information Technology ETF Trading Down 1.0%

Vanguard Information Technology ETF stock opened at $119.63 on Friday. The stock has a fifty day moving average price of $117.65 and a 200 day moving average price of $108.80. 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 $146.66 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.