SeaBridge Investment Advisors LLC increased its position in Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 803.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,693 shares of the exchange traded fund’s stock after acquiring an additional 5,952 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $800,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Kingdom Financial Group LLC. acquired a new position in Vanguard Information Technology ETF during the 4th quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Vanguard Information Technology ETF by 497.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 194 shares during the period. Wells Financial Advisors INC acquired a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $29,000. RHL Group LLC acquired a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $31,000.
Vanguard Information Technology ETF Trading Down 0.3%
Shares of NYSEARCA VGT opened at $122.56 on Friday. The stock has a 50 day simple moving average of $116.58 and a 200-day simple moving average of $105.11. The company has a market cap of $150.25 billion, a PE ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month 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.
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