Vanguard Information Technology ETF $VGT Shares Bought by Riverbend Wealth Management LLC

Riverbend Wealth Management LLC lifted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 24.4% during the third quarter, Holdings Channel reports. The firm owned 23,003 shares of the exchange traded fund’s stock after acquiring an additional 4,518 shares during the period. Vanguard Information Technology ETF makes up 1.3% of Riverbend Wealth Management LLC’s holdings, making the stock its 18th largest holding. Riverbend Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $2,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Vanguard Information Technology ETF in the 4th quarter valued at about $36,000. TD Capital Management LLC bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth approximately $40,000. AG Campbell Advisory LLC purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter worth approximately $54,000. First Community Trust NA boosted its stake in shares of Vanguard Information Technology ETF by 77.4% in the 1st quarter. First Community Trust NA now owns 94 shares of the exchange traded fund’s stock worth $66,000 after buying an additional 41 shares during the last quarter. Finally, Vestor Capital LLC purchased a new position in shares of Vanguard Information Technology ETF in the 1st quarter worth approximately $70,000.

Vanguard Information Technology ETF Stock Down 0.4%

VGT stock opened at $122.34 on Friday. The firm has a market cap of $150.49 billion, a PE ratio of 34.55 and a beta of 1.34. The business has a 50 day moving average of $122.55 and a 200-day moving average of $114.88. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month high of $130.66.

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.