Savvy Advisors Inc. Purchases 21,480 Shares of Vanguard Information Technology ETF $VGT

Savvy Advisors Inc. boosted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 5,102.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 21,901 shares of the exchange traded fund’s stock after acquiring an additional 21,480 shares during the quarter. Vanguard Information Technology ETF makes up approximately 0.8% of Savvy Advisors Inc.’s holdings, making the stock its 24th biggest holding. Savvy Advisors Inc.’s holdings in Vanguard Information Technology ETF were worth $16,352,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VGT. Onyx Bridge Wealth Group LLC grew its holdings in Vanguard Information Technology ETF by 43.7% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 1,053 shares of the exchange traded fund’s stock worth $786,000 after acquiring an additional 320 shares during the last quarter. Willis Johnson & Associates Inc. purchased a new stake in shares of Vanguard Information Technology ETF during the third quarter worth about $299,000. Cibc World Market Inc. grew its stake in shares of Vanguard Information Technology ETF by 3.3% in the third quarter. Cibc World Market Inc. now owns 13,453 shares of the exchange traded fund’s stock worth $10,044,000 after purchasing an additional 425 shares during the last quarter. Caprock Group LLC purchased a new position in Vanguard Information Technology ETF during the 3rd quarter valued at about $4,314,000. Finally, Strategic Financial Partners Ltd. bought a new position in Vanguard Information Technology ETF during the 3rd quarter valued at approximately $217,000.

Vanguard Information Technology ETF Stock Performance

NYSEARCA VGT opened at $748.78 on Thursday. The stock has a market cap of $112.05 billion, a P/E ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a fifty-two week low of $451.00 and a fifty-two week high of $806.99. The stock has a 50 day simple moving average of $756.26 and a two-hundred day simple moving average of $741.34.

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.