Riversedge Advisors LLC Boosts Holdings in Vanguard Information Technology ETF $VGT

Riversedge Advisors LLC boosted its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 699.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,003 shares of the exchange traded fund’s stock after buying an additional 14,002 shares during the quarter. Riversedge Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $1,913,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. First Merchants Corp increased its stake in shares of Vanguard Information Technology ETF by 744.7% in the 2nd 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 in the last quarter. Clark Asset Management LLC raised its holdings in Vanguard Information Technology ETF by 1,004.8% in the 2nd quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock worth $659,000 after purchasing an additional 5,014 shares during the period. Baron Financial Group LLC raised 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 purchasing an additional 4,396 shares during the period. Ballast Inc. lifted its position in Vanguard Information Technology ETF by 848.4% during the second quarter. Ballast Inc. now owns 50,009 shares of the exchange traded fund’s stock valued at $5,977,000 after purchasing an additional 44,736 shares in the last quarter. Finally, Abound Wealth Management lifted its position in Vanguard Information Technology ETF by 668.5% during the second quarter. Abound Wealth Management now owns 5,103 shares of the exchange traded fund’s stock valued at $610,000 after purchasing an additional 4,439 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

NYSEARCA:VGT opened at $122.56 on Friday. The stock has a 50-day simple moving average of $116.58 and a two-hundred day simple moving average of $105.11. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00. The firm has a market capitalization of $150.25 billion, a PE ratio of 34.55 and a beta of 1.34.

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.