Merit Financial Group LLC Purchases 6,084 Shares of Vanguard Information Technology ETF $VGT

Merit Financial Group LLC grew its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 35.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,473 shares of the exchange traded fund’s stock after acquiring an additional 6,084 shares during the period. Merit Financial Group LLC’s holdings in Vanguard Information Technology ETF were worth $17,526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in VGT. China Universal Asset Management Co. Ltd. lifted its stake in Vanguard Information Technology ETF by 110.5% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 21 shares in the last quarter. First Command Advisory Services Inc. bought a new position in Vanguard Information Technology ETF during the third quarter valued at approximately $31,000. Semmax Financial Advisors Inc. purchased a new position in Vanguard Information Technology ETF during the 2nd quarter valued at approximately $31,000. Kilter Group LLC bought a new stake in Vanguard Information Technology ETF in the 2nd quarter worth approximately $37,000. Finally, Sawyer & Company Inc purchased a new stake in shares of Vanguard Information Technology ETF during the 2nd quarter worth approximately $38,000.

Vanguard Information Technology ETF Stock Performance

NYSEARCA VGT opened at $760.89 on Wednesday. The stock has a 50 day moving average price of $761.44 and a 200-day moving average price of $722.39. Vanguard Information Technology ETF has a one year low of $451.00 and a one year high of $806.99. The company has a market capitalization of $112.57 billion, a P/E ratio of 34.55 and a beta of 1.25.

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.