PCA Investment Advisory Services Inc. Takes $1.95 Million Position in Vanguard Information Technology ETF $VGT

PCA Investment Advisory Services Inc. bought a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the 2nd quarter, Holdings Channel.com reports. The firm bought 16,309 shares of the exchange traded fund’s stock, valued at approximately $1,949,000. Vanguard Information Technology ETF makes up 0.5% of PCA Investment Advisory Services Inc.’s holdings, making the stock its 18th biggest position.

A number of other hedge funds have also recently modified their holdings of the business. First Merchants Corp raised its stake in shares of Vanguard Information Technology ETF by 744.7% in the second quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock worth $39,631,000 after buying an additional 292,331 shares during the period. Innovative Wealth Building LLC boosted its holdings in Vanguard Information Technology ETF by 748.5% in the 2nd quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock worth $7,003,000 after buying an additional 51,687 shares during the period. Clark Asset Management LLC boosted its stake in shares of Vanguard Information Technology ETF by 1,004.8% in the second 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 period. Financial & Tax Architects LLC bought a new position in Vanguard Information Technology ETF in the 2nd quarter worth approximately $491,000. Finally, Baron Financial Group LLC grew its stake in Vanguard Information Technology ETF by 700.0% during the second 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 in the last quarter.

Vanguard Information Technology ETF Stock Down 0.8%

Shares of Vanguard Information Technology ETF stock opened at $118.80 on Thursday. The firm has a market cap of $145.64 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The business has a 50-day moving average price of $116.91 and a 200-day moving average price of $105.69. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $126.00.

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.