Lunt Capital Management Inc. Has $875,000 Position in Vanguard Information Technology ETF $VGT

Lunt Capital Management Inc. boosted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,320 shares of the exchange traded fund’s stock after purchasing an additional 6,405 shares during the quarter. Lunt Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $875,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VGT. Kingdom Financial Group LLC. bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Vanguard Information Technology ETF by 497.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 194 shares in the last quarter. RHL Group LLC bought a new position in Vanguard Information Technology ETF during the 4th quarter valued at about $31,000. Jessup Wealth Management Inc bought a new position in Vanguard Information Technology ETF during the 4th quarter valued at about $31,000. Finally, Semmax Financial Advisors Inc. acquired a new position in Vanguard Information Technology ETF in the second quarter valued at about $31,000.

Vanguard Information Technology ETF Stock Down 0.1%

NYSEARCA:VGT opened at $120.89 on Thursday. The firm has a market cap of $148.20 billion, a PE ratio of 34.55 and a beta of 1.35. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The company’s 50-day moving average price is $117.55 and its two-hundred day moving average price is $108.60.

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.