Mirae Asset Global Investments Co. Ltd. Purchases New Position in Vanguard Information Technology ETF $VGT

Mirae Asset Global Investments Co. Ltd. purchased a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) during the third quarter, HoldingsChannel reports. The fund purchased 9,900 shares of the exchange traded fund’s stock, valued at approximately $1,244,000.

Several other hedge funds have also recently bought and sold shares of VGT. HighTower Advisors LLC lifted its holdings in shares of Vanguard Information Technology ETF by 762.8% in the second quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock valued at $436,378,000 after purchasing an additional 3,227,909 shares in the last quarter. Florida Trust Wealth Management Co grew its position in shares of Vanguard Information Technology ETF by 725.8% in the second quarter. Florida Trust Wealth Management Co now owns 21,736 shares of the exchange traded fund’s stock valued at $2,598,000 after purchasing an additional 19,104 shares during the last quarter. First Merchants Corp grew its position in shares of 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 valued at $39,631,000 after purchasing an additional 292,331 shares during the last quarter. Innovative Wealth Building LLC grew its position in shares of Vanguard Information Technology ETF by 748.5% in the second quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock valued at $7,003,000 after purchasing an additional 51,687 shares during the last quarter. Finally, Polaris Financial Partners purchased a new position in shares of Vanguard Information Technology ETF during the 3rd quarter worth approximately $4,014,000.

Vanguard Information Technology ETF Price Performance

Shares of VGT opened at $108.51 on Monday. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $130.66. The stock has a market cap of $134.64 billion, a price-to-earnings ratio of 34.55 and a beta of 1.36. The firm has a 50 day simple moving average of $121.84 and a 200-day simple moving average of $109.73.

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.