Westside Investment Management Inc. Grows Stock Holdings in Vanguard Information Technology ETF $VGT

Westside Investment Management Inc. boosted its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 5,688 shares of the exchange traded fund’s stock after purchasing an additional 4,977 shares during the quarter. Westside Investment Management Inc.’s holdings in Vanguard Information Technology ETF were worth $680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of Vanguard Information Technology ETF by 34.9% in the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 598 shares during the period. AQR Capital Management LLC raised its stake in Vanguard Information Technology ETF by 80.9% during the 1st quarter. AQR Capital Management LLC now owns 4,147 shares of the exchange traded fund’s stock valued at $2,249,000 after purchasing an additional 1,854 shares during the period. Goldman Sachs Group Inc. raised its stake in Vanguard Information Technology ETF by 0.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 112,999 shares of the exchange traded fund’s stock valued at $61,288,000 after purchasing an additional 305 shares during the period. Schnieders Capital Management LLC. lifted its holdings in Vanguard Information Technology ETF by 378.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,713 shares of the exchange traded fund’s stock worth $4,453,000 after purchasing an additional 5,309 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Vanguard Information Technology ETF by 17.9% in the 2nd quarter. First Trust Advisors LP now owns 980 shares of the exchange traded fund’s stock worth $650,000 after purchasing an additional 149 shares in the last quarter.

Vanguard Information Technology ETF Price Performance

VGT stock opened at $118.80 on Thursday. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00. The business has a 50 day simple moving average of $116.91 and a two-hundred day simple moving average of $105.69. The company has a market capitalization of $145.64 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

Vanguard Information Technology ETF Company 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.