Wedbush Securities Inc. Boosts Stake in Vanguard Information Technology ETF $VGT

Wedbush Securities Inc. grew its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 37.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,338 shares of the exchange traded fund’s stock after buying an additional 1,743 shares during the quarter. Wedbush Securities Inc.’s holdings in Vanguard Information Technology ETF were worth $4,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. AMI Investment Management Inc. raised its holdings in shares of Vanguard Information Technology ETF by 4.2% in the 3rd quarter. AMI Investment Management Inc. now owns 67,199 shares of the exchange traded fund’s stock worth $50,173,000 after purchasing an additional 2,726 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Vanguard Information Technology ETF by 98.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,326 shares of the exchange traded fund’s stock valued at $4,723,000 after buying an additional 3,138 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Vanguard Information Technology ETF by 2.8% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 739,730 shares of the exchange traded fund’s stock valued at $552,305,000 after buying an additional 20,182 shares during the last quarter. Asset Planning Services Inc. LA ADV bought a new position in shares of Vanguard Information Technology ETF during the 3rd quarter worth $615,000. Finally, Citizens Financial Group Inc. RI increased its holdings in Vanguard Information Technology ETF by 23.9% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 4,653 shares of the exchange traded fund’s stock worth $3,474,000 after acquiring an additional 897 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of Vanguard Information Technology ETF stock opened at $748.78 on Thursday. The stock has a market capitalization of $112.05 billion, a P/E ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $806.99. The stock’s 50-day simple moving average is $756.26 and its 200 day simple moving average is $741.34.

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.