Dougherty & Associates LLC Has $10.01 Million Stock Position in Vanguard Information Technology ETF $VGT

Dougherty & Associates LLC raised its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 719.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,721 shares of the exchange traded fund’s stock after buying an additional 73,510 shares during the period. Vanguard Information Technology ETF comprises approximately 8.0% of Dougherty & Associates LLC’s portfolio, making the stock its 4th largest position. Dougherty & Associates LLC’s holdings in Vanguard Information Technology ETF were worth $10,006,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Merchants Corp grew its holdings in Vanguard Information Technology ETF by 744.7% in the second quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock worth $39,631,000 after purchasing an additional 292,331 shares during the period. Clark Asset Management LLC boosted its position in shares of Vanguard Information Technology ETF by 1,004.8% during the second quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock valued at $659,000 after buying an additional 5,014 shares during the last quarter. Baron Financial Group LLC increased its holdings in Vanguard Information Technology ETF by 700.0% in the 2nd quarter. Baron Financial Group LLC now owns 5,024 shares of the exchange traded fund’s stock worth $600,000 after buying an additional 4,396 shares in the last quarter. Ballast Inc. boosted its holdings in shares of Vanguard Information Technology ETF by 848.4% during the 2nd quarter. Ballast Inc. now owns 50,009 shares of the exchange traded fund’s stock valued at $5,977,000 after acquiring an additional 44,736 shares during the last quarter. Finally, Abound Wealth Management grew its holdings in shares of Vanguard Information Technology ETF by 668.5% in the second quarter. Abound Wealth Management now owns 5,103 shares of the exchange traded fund’s stock worth $610,000 after acquiring an additional 4,439 shares during the period.

Vanguard Information Technology ETF Stock Down 0.3%

NYSEARCA VGT opened at $122.56 on Friday. The company has a market capitalization of $150.25 billion, a P/E 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. The stock’s 50-day moving average price is $116.58 and its 200-day moving average price is $105.11.

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.