Red Mountain Financial LLC Has $861,000 Stock Position in Vanguard Information Technology ETF $VGT

Red Mountain Financial LLC grew its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 687.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,201 shares of the exchange traded fund’s stock after purchasing an additional 6,287 shares during the period. Vanguard Information Technology ETF makes up approximately 0.7% of Red Mountain Financial LLC’s holdings, making the stock its 28th largest holding. Red Mountain Financial LLC’s holdings in Vanguard Information Technology ETF were worth $861,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in shares of Vanguard Information Technology ETF by 690.1% during the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 1,378,210 shares of the exchange traded fund’s stock worth $164,724,000 after buying an additional 1,203,781 shares during the period. Armstrong Advisory Group Inc. grew its position in Vanguard Information Technology ETF by 704.1% in the second quarter. Armstrong Advisory Group Inc. now owns 1,027,235 shares of the exchange traded fund’s stock valued at $122,775,000 after acquiring an additional 899,479 shares during the period. Systematic Alpha Investments LLC grew its position in Vanguard Information Technology ETF by 700.0% in the first quarter. Systematic Alpha Investments LLC now owns 658,400 shares of the exchange traded fund’s stock valued at $459,379,000 after acquiring an additional 576,100 shares during the period. Focus Partners Wealth raised its stake in Vanguard Information Technology ETF by 78.8% during the fourth quarter. Focus Partners Wealth now owns 1,297,055 shares of the exchange traded fund’s stock worth $977,603,000 after acquiring an additional 571,488 shares in the last quarter. Finally, Spire Wealth Management raised its stake in Vanguard Information Technology ETF by 669.8% during the second quarter. Spire Wealth Management now owns 575,609 shares of the exchange traded fund’s stock worth $68,789,000 after acquiring an additional 500,833 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA VGT opened at $122.56 on Monday. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00. The business has a fifty day moving average of $116.58 and a two-hundred day moving average of $105.18. The stock has a market cap of $150.25 billion, a PE ratio of 34.55 and a beta of 1.34.

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.