Florida Trust Wealth Management Co Buys 19,104 Shares of Vanguard Information Technology ETF $VGT

Florida Trust Wealth Management Co raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 725.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 21,736 shares of the exchange traded fund’s stock after acquiring an additional 19,104 shares during the period. Florida Trust Wealth Management Co’s holdings in Vanguard Information Technology ETF were worth $2,598,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Kingdom Financial Group LLC. purchased a new stake in Vanguard Information Technology ETF during the 4th quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. increased its position 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 acquiring an additional 194 shares during the period. Wells Financial Advisors INC bought a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at about $29,000. RHL Group LLC bought a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at about $31,000. Finally, Jessup Wealth Management Inc bought a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at about $31,000.

Vanguard Information Technology ETF Stock Performance

NYSEARCA VGT opened at $118.80 on Thursday. The stock has a market cap of $145.64 billion, a P/E ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00. The stock has a 50 day simple moving average of $116.91 and a two-hundred day simple moving average of $105.69.

About Vanguard Information Technology ETF

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.