Independent Financial Group LLC Buys 117,114 Shares of Vanguard Information Technology ETF $VGT

Independent Financial Group LLC grew its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 1,075.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,008 shares of the exchange traded fund’s stock after purchasing an additional 117,114 shares during the period. Independent Financial Group LLC’s holdings in Vanguard Information Technology ETF were worth $15,299,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Clark Asset Management LLC increased its stake in Vanguard Information Technology ETF by 1,004.8% in the 2nd quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock worth $659,000 after acquiring an additional 5,014 shares during the last quarter. Baron Financial Group LLC boosted its position in shares of Vanguard Information Technology ETF by 700.0% during the 2nd quarter. Baron Financial Group LLC now owns 5,024 shares of the exchange traded fund’s stock valued at $600,000 after acquiring an additional 4,396 shares during the last quarter. Ballast Inc. boosted its position in shares of Vanguard Information Technology ETF by 848.4% during the 2nd quarter. Ballast Inc. now owns 50,009 shares of the exchange traded fund’s stock valued at $5,977,000 after acquiring an additional 44,736 shares during the last quarter. Abound Wealth Management grew its holdings in shares of Vanguard Information Technology ETF by 668.5% in the second quarter. Abound Wealth Management now owns 5,103 shares of the exchange traded fund’s stock valued at $610,000 after purchasing an additional 4,439 shares in the last quarter. Finally, Focus Financial Network Inc. grew its holdings in shares of Vanguard Information Technology ETF by 234.1% in the second quarter. Focus Financial Network Inc. now owns 23,788 shares of the exchange traded fund’s stock valued at $2,843,000 after purchasing an additional 16,669 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $122.99 on Friday. The company’s fifty day moving average is $116.44 and its 200 day moving average is $104.99. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00. The stock has a market capitalization of $150.77 billion, a PE ratio of 34.55 and a beta of 1.34.

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.