Kovack Advisors Inc. Increases Stake in Vanguard Information Technology ETF $VGT

Kovack Advisors Inc. increased its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,386 shares of the exchange traded fund’s stock after buying an additional 28 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard Information Technology ETF were worth $2,246,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Vanguard Information Technology ETF during the first quarter worth approximately $32,000. BankPlus Trust Department increased its stake in shares of Vanguard Information Technology ETF by 169.2% during the first quarter. BankPlus Trust Department now owns 70 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 44 shares during the period. Sawyer & Company Inc purchased a new stake in shares of Vanguard Information Technology ETF during the second quarter worth approximately $38,000. Rice Partnership LLC purchased a new stake in shares of Vanguard Information Technology ETF during the second quarter worth approximately $40,000. Finally, Blume Capital Management Inc. increased its stake in shares of Vanguard Information Technology ETF by 62.5% during the second quarter. Blume Capital Management Inc. now owns 65 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 25 shares during the period.

Vanguard Information Technology ETF Stock Performance

VGT stock opened at $790.95 on Friday. The company’s 50 day moving average price is $737.61 and its 200 day moving average price is $667.36. Vanguard Information Technology ETF has a fifty-two week low of $451.00 and a fifty-two week high of $806.99. The firm has a market capitalization of $117.02 billion, a price-to-earnings ratio of 34.55 and a beta of 1.25.

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).