Sandy Cove Advisors LLC Has $1.67 Million Holdings in Vanguard Information Technology ETF $VGT

Sandy Cove Advisors LLC increased its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 1,230.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,939 shares of the exchange traded fund’s stock after purchasing an additional 12,891 shares during the period. Sandy Cove Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $1,666,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VGT. Epiq Partners LLC acquired a new position in Vanguard Information Technology ETF during the 2nd quarter worth about $273,000. Arlington Trust Co LLC increased its stake in shares of Vanguard Information Technology ETF by 700.0% in the second quarter. Arlington Trust Co LLC now owns 2,104 shares of the exchange traded fund’s stock valued at $251,000 after buying an additional 1,841 shares during the period. Grove Bank & Trust increased its stake in shares of Vanguard Information Technology ETF by 586.3% in the second quarter. Grove Bank & Trust now owns 4,200 shares of the exchange traded fund’s stock valued at $502,000 after buying an additional 3,588 shares during the period. Ridgeline Wealth LLC bought a new position in shares of Vanguard Information Technology ETF during the second quarter worth about $774,000. Finally, Trinity Financial Advisors LLC bought a new position in shares of Vanguard Information Technology ETF during the second quarter worth about $238,000.

Vanguard Information Technology ETF Price Performance

Vanguard Information Technology ETF stock opened at $120.15 on Wednesday. The stock’s 50 day moving average is $116.60 and its 200 day moving average is $103.67. The firm has a market cap of $147.29 billion, a P/E ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a one year low of $83.09 and a one year 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.