Vanguard Information Technology ETF $VGT Shares Bought by Fairway Financial LLC

Fairway Financial LLC increased its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 693.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 68,415 shares of the exchange traded fund’s stock after purchasing an additional 59,797 shares during the period. Vanguard Information Technology ETF makes up 5.6% of Fairway Financial LLC’s holdings, making the stock its 8th biggest holding. Fairway Financial LLC’s holdings in Vanguard Information Technology ETF were worth $8,177,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of VGT. Strengthening Families & Communities LLC grew its position in Vanguard Information Technology ETF by 689.7% in the second quarter. Strengthening Families & Communities LLC now owns 116,557 shares of the exchange traded fund’s stock valued at $13,931,000 after acquiring an additional 101,798 shares during the last quarter. Smallwood Wealth Investment Management LLC lifted its stake in Vanguard Information Technology ETF by 766.0% in the 2nd quarter. Smallwood Wealth Investment Management LLC now owns 459 shares of the exchange traded fund’s stock valued at $55,000 after purchasing an additional 406 shares during the last quarter. Beacon Capital Management LLC boosted its position in Vanguard Information Technology ETF by 547.1% in the second quarter. Beacon Capital Management LLC now owns 136,652 shares of the exchange traded fund’s stock valued at $16,333,000 after buying an additional 115,535 shares in the last quarter. Greenspring Advisors LLC boosted its position in Vanguard Information Technology ETF by 650.3% in the second quarter. Greenspring Advisors LLC now owns 4,104 shares of the exchange traded fund’s stock valued at $491,000 after buying an additional 3,557 shares in the last quarter. Finally, Waycross Investment Management Co bought a new stake in shares of Vanguard Information Technology ETF during the second quarter worth $253,000.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA:VGT opened at $119.13 on Thursday. The company has a fifty day moving average of $117.10 and a 200-day moving average of $107.57. The company has a market capitalization of $146.04 billion, a PE ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00.

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.