Patriot Investment Management Group Inc. Acquires 41,149 Shares of Vanguard Information Technology ETF $VGT

Patriot Investment Management Group Inc. grew its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,027 shares of the exchange traded fund’s stock after purchasing an additional 41,149 shares during the period. Vanguard Information Technology ETF comprises approximately 0.3% of Patriot Investment Management Group Inc.’s holdings, making the stock its 19th largest holding. Patriot Investment Management Group Inc.’s holdings in Vanguard Information Technology ETF were worth $5,621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VGT. Kingdom Financial Group LLC. purchased a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake 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 buying an additional 194 shares during the period. Wells Financial Advisors INC purchased a new position in Vanguard Information Technology ETF in the 4th quarter worth about $29,000. RHL Group LLC bought a new stake in Vanguard Information Technology ETF during the 4th quarter valued at about $31,000. Finally, Jessup Wealth Management Inc bought a new stake in Vanguard Information Technology ETF during the 4th quarter valued at about $31,000.

Vanguard Information Technology ETF Price Performance

Vanguard Information Technology ETF stock opened at $122.99 on Friday. The stock has a market cap of $150.77 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $126.00. The firm has a 50-day moving average of $116.44 and a two-hundred day moving average of $104.99.

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.