Mainstream Capital Management LLC Raises Holdings in Vanguard Information Technology ETF $VGT

Mainstream Capital Management LLC lifted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 699.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,107 shares of the exchange traded fund’s stock after purchasing an additional 14,091 shares during the period. Vanguard Information Technology ETF comprises about 1.2% of Mainstream Capital Management LLC’s holdings, making the stock its 24th largest position. Mainstream Capital Management LLC’s holdings in Vanguard Information Technology ETF were worth $1,925,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Kingdom Financial Group LLC. acquired a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Vanguard Information Technology ETF by 497.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 194 shares during the period. Wells Financial Advisors INC acquired a new position in Vanguard Information Technology ETF during the fourth quarter worth approximately $29,000. RHL Group LLC purchased a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000. Finally, Jessup Wealth Management Inc purchased a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000.

Vanguard Information Technology ETF Trading Up 1.1%

VGT stock opened at $122.99 on Friday. The company has a market capitalization of $150.77 billion, a P/E ratio of 34.55 and a beta of 1.34. The business has a 50 day simple moving average of $116.44 and a 200-day simple moving average of $104.99. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $126.00.

Vanguard Information Technology ETF Profile

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.