Miracle Mile Advisors LLC Purchases 1,455 Shares of Vanguard Information Technology ETF $VGT

Miracle Mile Advisors LLC boosted its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 48.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,443 shares of the exchange traded fund’s stock after buying an additional 1,455 shares during the period. Miracle Mile Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $3,317,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in VGT. China Universal Asset Management Co. Ltd. boosted its position in shares of Vanguard Information Technology ETF by 110.5% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 21 shares in the last quarter. Semmax Financial Advisors Inc. bought a new position in Vanguard Information Technology ETF during the second quarter worth about $31,000. Kilter Group LLC acquired a new stake in Vanguard Information Technology ETF during the second quarter valued at approximately $37,000. Sawyer & Company Inc acquired a new stake in Vanguard Information Technology ETF during the second quarter valued at approximately $38,000. Finally, Rice Partnership LLC bought a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter valued at approximately $40,000.

Vanguard Information Technology ETF Trading Down 0.9%

Shares of VGT opened at $753.78 on Friday. The stock has a market cap of $111.52 billion, a PE ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 1 year low of $451.00 and a 1 year high of $806.99. The stock has a 50 day simple moving average of $761.29 and a 200-day simple moving average of $722.83.

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.