Vanguard Information Technology ETF $VGT Shares Purchased by Shira Ridge Wealth Management

Shira Ridge Wealth Management increased its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 690.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 40,216 shares of the exchange traded fund’s stock after purchasing an additional 35,130 shares during the period. Vanguard Information Technology ETF accounts for about 1.7% of Shira Ridge Wealth Management’s investment portfolio, making the stock its 16th biggest holding. Shira Ridge Wealth Management’s holdings in Vanguard Information Technology ETF were worth $4,807,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of Vanguard Information Technology ETF by 1.6% in the first quarter. Bank of America Corp DE now owns 15,105,780 shares of the exchange traded fund’s stock worth $10,539,605,000 after acquiring an additional 241,421 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Vanguard Information Technology ETF by 4.1% in the fourth quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock valued at $4,839,352,000 after acquiring an additional 252,341 shares in the last quarter. Morgan Stanley raised its stake in shares of Vanguard Information Technology ETF by 1.2% in the fourth quarter. Morgan Stanley now owns 2,151,255 shares of the exchange traded fund’s stock valued at $1,621,574,000 after acquiring an additional 25,901 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Vanguard Information Technology ETF by 1.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,543,645 shares of the exchange traded fund’s stock valued at $1,163,569,000 after purchasing an additional 18,634 shares during the period. Finally, LPL Financial LLC boosted its holdings in Vanguard Information Technology ETF by 3.1% in the fourth quarter. LPL Financial LLC now owns 1,301,922 shares of the exchange traded fund’s stock valued at $981,363,000 after purchasing an additional 39,217 shares during the period.

Vanguard Information Technology ETF Price Performance

VGT opened at $121.45 on Monday. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The stock has a market capitalization of $148.89 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The business has a fifty day moving average price of $116.67 and a 200 day moving average price of $104.21.

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.