Vanguard Information Technology ETF $VGT Holdings Boosted by Praetorian Wealth Management Inc.

Praetorian Wealth Management Inc. boosted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 690.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 169,610 shares of the exchange traded fund’s stock after buying an additional 148,148 shares during the quarter. Vanguard Information Technology ETF accounts for 3.5% of Praetorian Wealth Management Inc.’s investment portfolio, making the stock its 10th biggest holding. Praetorian Wealth Management Inc.’s holdings in Vanguard Information Technology ETF were worth $20,272,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. acquired a new stake in shares of Vanguard Information Technology ETF in the fourth quarter worth $27,000. Wells Financial Advisors INC acquired a new position in Vanguard Information Technology ETF during the fourth quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vanguard Information Technology ETF during the fourth quarter valued at $30,000. RHL Group LLC acquired a new position in Vanguard Information Technology ETF during the fourth quarter valued at $31,000. Finally, Jessup Wealth Management Inc purchased a new stake in Vanguard Information Technology ETF in the 4th quarter worth about $31,000.

Vanguard Information Technology ETF Trading Down 0.1%

Shares of NYSEARCA VGT opened at $119.60 on Friday. Vanguard Information Technology ETF has a one year low of $83.09 and a one year high of $126.00. The firm has a market capitalization of $146.62 billion, a PE ratio of 34.55 and a beta of 1.34. The business has a 50-day moving average price of $116.66 and a two-hundred day moving average price of $104.02.

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.