Summitas Investment Management LLC Purchases New Position in Vanguard Information Technology ETF $VGT

Summitas Investment Management LLC acquired a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the 1st quarter, Holdings Channel reports. The fund acquired 14,170 shares of the exchange traded fund’s stock, valued at approximately $9,887,000. Vanguard Information Technology ETF comprises about 7.8% of Summitas Investment Management LLC’s holdings, making the stock its 4th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Kingdom Financial Group LLC. acquired a new stake in Vanguard Information Technology ETF in the fourth quarter worth $27,000. Wells Financial Advisors INC acquired a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at $30,000. RHL Group LLC bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at $31,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at $31,000.

Vanguard Information Technology ETF Trading Up 2.5%

Shares of Vanguard Information Technology ETF stock opened at $116.01 on Wednesday. The stock’s fifty day simple moving average is $116.74 and its 200 day simple moving average is $102.36. The company has a market capitalization of $142.22 billion, a PE 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.

About Vanguard Information Technology ETF

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.