Integrated Wealth Concepts LLC Raises Holdings in Vanguard Information Technology ETF $VGT

Integrated Wealth Concepts LLC grew its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 739.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,955 shares of the exchange traded fund’s stock after purchasing an additional 182,287 shares during the period. Integrated Wealth Concepts LLC’s holdings in Vanguard Information Technology ETF were worth $24,735,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of VGT. Community Bank N.A. boosted its position in shares of Vanguard Information Technology ETF by 698.0% during the second quarter. Community Bank N.A. now owns 20,270 shares of the exchange traded fund’s stock valued at $2,423,000 after buying an additional 17,730 shares during the last quarter. RFG Advisory LLC raised its position in Vanguard Information Technology ETF by 623.7% in the 2nd quarter. RFG Advisory LLC now owns 42,249 shares of the exchange traded fund’s stock worth $5,050,000 after buying an additional 36,411 shares during the last quarter. NewEdge Advisors LLC raised its position in Vanguard Information Technology ETF by 883.8% in the 2nd quarter. NewEdge Advisors LLC now owns 387,394 shares of the exchange traded fund’s stock worth $46,301,000 after buying an additional 348,015 shares during the last quarter. GFG Capital LLC lifted its stake in Vanguard Information Technology ETF by 700.0% during the 2nd quarter. GFG Capital LLC now owns 3,216 shares of the exchange traded fund’s stock valued at $384,000 after acquiring an additional 2,814 shares during the period. Finally, Pointe Capital Management LLC bought a new position in Vanguard Information Technology ETF during the 2nd quarter valued at about $204,000.

Vanguard Information Technology ETF Stock Down 0.2%

Shares of VGT stock opened at $121.05 on Wednesday. The company has a 50 day moving average price of $117.48 and a 200-day moving average price of $108.40. 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 $148.40 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.