Zhang Financial LLC Increases Position in Vanguard Information Technology ETF $VGT

Zhang Financial LLC raised its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 748.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,695 shares of the exchange traded fund’s stock after purchasing an additional 49,134 shares during the period. Zhang Financial LLC’s holdings in Vanguard Information Technology ETF were worth $6,657,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of Vanguard Information Technology ETF by 1.6% during the 1st quarter. Bank of America Corp DE now owns 15,105,780 shares of the exchange traded fund’s stock valued at $10,539,605,000 after purchasing an additional 241,421 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Vanguard Information Technology ETF by 4.1% during the 4th quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock valued at $4,839,352,000 after buying an additional 252,341 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in Vanguard Information Technology ETF by 693.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock worth $289,390,000 after buying an additional 2,116,095 shares during the last quarter. Morgan Stanley lifted its position in Vanguard Information Technology ETF by 1.2% in the 4th quarter. Morgan Stanley now owns 2,151,255 shares of the exchange traded fund’s stock worth $1,621,574,000 after buying an additional 25,901 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Vanguard Information Technology ETF by 1.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,543,645 shares of the exchange traded fund’s stock worth $1,163,569,000 after buying an additional 18,634 shares in the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT opened at $118.42 on Friday. Vanguard Information Technology ETF has a one year low of $83.09 and a one year high of $126.00. The firm’s 50 day simple moving average is $116.99 and its two-hundred day simple moving average is $105.96. The stock has a market capitalization of $145.17 billion, a P/E ratio of 34.55 and a beta of 1.34.

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.