Chesapeake Wealth Management Has $1.41 Million Position in Vanguard Information Technology ETF $VGT

Chesapeake Wealth Management raised its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 573.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,830 shares of the exchange traded fund’s stock after buying an additional 10,073 shares during the quarter. Chesapeake Wealth Management’s holdings in Vanguard Information Technology ETF were worth $1,414,000 as of its most recent SEC filing.

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

Vanguard Information Technology ETF Stock Down 1.3%

Shares of VGT opened at $118.87 on Wednesday. The company has a 50-day moving average price of $117.02 and a two-hundred day moving average price of $107.37. The stock has a market cap of $145.72 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 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.