October Effect Ltd Increases Holdings in Vanguard Information Technology ETF $VGT

October Effect Ltd raised its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 677.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,954 shares of the exchange traded fund’s stock after acquiring an additional 6,931 shares during the quarter. Vanguard Information Technology ETF makes up 0.9% of October Effect Ltd’s investment portfolio, making the stock its 27th biggest holding. October Effect Ltd’s holdings in Vanguard Information Technology ETF were worth $951,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Laurel Oak Wealth Management LLC lifted its stake in Vanguard Information Technology ETF by 701.6% during the second quarter. Laurel Oak Wealth Management LLC now owns 103,220 shares of the exchange traded fund’s stock worth $12,337,000 after purchasing an additional 90,344 shares during the last quarter. Evolution Wealth Management Inc. increased its stake in Vanguard Information Technology ETF by 2,033.3% in the second quarter. Evolution Wealth Management Inc. now owns 3,008 shares of the exchange traded fund’s stock valued at $360,000 after purchasing an additional 2,867 shares during the last quarter. Greenleaf Trust raised its holdings in Vanguard Information Technology ETF by 692.6% during the second quarter. Greenleaf Trust now owns 15,313 shares of the exchange traded fund’s stock worth $1,830,000 after purchasing an additional 13,381 shares in the last quarter. Midwest Financial Group LLC lifted its position in shares of Vanguard Information Technology ETF by 1,208.3% during the 2nd quarter. Midwest Financial Group LLC now owns 4,108 shares of the exchange traded fund’s stock worth $491,000 after buying an additional 3,794 shares during the last quarter. Finally, Crown Wealth Group LLC lifted its position in shares of Vanguard Information Technology ETF by 692.5% during the 2nd quarter. Crown Wealth Group LLC now owns 5,088 shares of the exchange traded fund’s stock worth $608,000 after buying an additional 4,446 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of Vanguard Information Technology ETF stock opened at $122.56 on Monday. The company has a fifty day simple moving average of $116.58 and a 200-day simple moving average of $105.18. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month high of $126.00. The stock has a market cap of $150.25 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

Vanguard Information Technology ETF Company 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.