Merit Financial Group LLC Has $17.53 Million Stock Position in Vanguard Information Technology ETF $VGT

Merit Financial Group LLC increased its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 35.0% in the 3rd quarter, Holdings Channel reports. The fund owned 23,474 shares of the exchange traded fund’s stock after purchasing an additional 6,085 shares during the period. Merit Financial Group LLC’s holdings in Vanguard Information Technology ETF were worth $17,526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of VGT. China Universal Asset Management Co. Ltd. increased its holdings in shares of Vanguard Information Technology ETF by 110.5% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 21 shares during the period. Semmax Financial Advisors Inc. acquired a new position in Vanguard Information Technology ETF in the 2nd quarter valued at approximately $31,000. Kilter Group LLC acquired a new position in Vanguard Information Technology ETF in the 2nd quarter valued at approximately $37,000. Sawyer & Company Inc purchased a new stake in Vanguard Information Technology ETF in the 2nd quarter worth approximately $38,000. Finally, Rice Partnership LLC acquired a new stake in shares of Vanguard Information Technology ETF during the 2nd quarter valued at $40,000.

Vanguard Information Technology ETF Trading Down 0.3%

NYSEARCA VGT opened at $760.89 on Wednesday. Vanguard Information Technology ETF has a 1-year low of $451.00 and a 1-year high of $806.99. The firm’s fifty day simple moving average is $761.44 and its 200-day simple moving average is $722.39. The company has a market capitalization of $112.57 billion, a PE ratio of 34.55 and a beta of 1.25.

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.