Compass Financial Management LLC Invests $9.51 Million in Vanguard Information Technology ETF $VGT

Compass Financial Management LLC bought a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the 2nd quarter, Holdings Channel.com reports. The firm bought 79,360 shares of the exchange traded fund’s stock, valued at approximately $9,508,000. Vanguard Information Technology ETF accounts for approximately 1.1% of Compass Financial Management LLC’s portfolio, making the stock its 16th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kingdom Financial Group LLC. purchased a new position in Vanguard Information Technology ETF in the 4th quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Vanguard Information Technology ETF by 497.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 194 shares in the last quarter. RHL Group LLC bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $31,000. Jessup Wealth Management Inc bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $31,000. Finally, Semmax Financial Advisors Inc. purchased a new position in shares of Vanguard Information Technology ETF in the second quarter worth $31,000.

Vanguard Information Technology ETF Stock Performance

VGT stock opened at $121.27 on Friday. The company’s fifty day moving average price is $117.35 and its 200-day moving average price is $107.87. Vanguard Information Technology ETF has a one year low of $83.09 and a one year high of $126.00. The company has a market capitalization of $148.67 billion, a PE 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.