Timbuktu Capital Management LLC Acquires New Stake in Vanguard Information Technology ETF $VGT

Timbuktu Capital Management LLC acquired a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 26,364 shares of the exchange traded fund’s stock, valued at approximately $3,151,000. Vanguard Information Technology ETF accounts for 4.8% of Timbuktu Capital Management LLC’s portfolio, making the stock its 5th biggest position.

A number of other large investors have also bought and sold shares of the company. Strive Financial Group LLC raised its stake in shares of Vanguard Information Technology ETF by 700.0% in the second quarter. Strive Financial Group LLC now owns 976 shares of the exchange traded fund’s stock valued at $117,000 after buying an additional 854 shares during the period. Hopwood Nicholas Hunter purchased a new position in shares of Vanguard Information Technology ETF during the 2nd quarter valued at $313,000. MOR Wealth Management LLC grew its stake in shares of Vanguard Information Technology ETF by 696.9% during the 2nd quarter. MOR Wealth Management LLC now owns 12,487 shares of the exchange traded fund’s stock worth $1,492,000 after acquiring an additional 10,920 shares during the period. Cornerstone Advisors Asset Management LLC grew its stake in shares of Vanguard Information Technology ETF by 700.2% during the 2nd quarter. Cornerstone Advisors Asset Management LLC now owns 106,471 shares of the exchange traded fund’s stock worth $12,725,000 after acquiring an additional 93,165 shares during the period. Finally, Jim Saulnier & Associates LLC grew its stake in shares of Vanguard Information Technology ETF by 702.0% during the 2nd quarter. Jim Saulnier & Associates LLC now owns 3,264 shares of the exchange traded fund’s stock worth $390,000 after acquiring an additional 2,857 shares during the period.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $121.27 on Friday. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00. The business has a 50-day moving average of $117.35 and a 200 day moving average of $107.87. The firm has a market cap of $148.67 billion, a P/E ratio of 34.55 and a beta of 1.35.

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.