Clark Capital Management Group Inc. Boosts Stock Position in Vanguard Information Technology ETF $VGT

Clark Capital Management Group Inc. increased its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 250.7% during the 3rd quarter, Holdings Channel reports. The firm owned 9,969 shares of the exchange traded fund’s stock after buying an additional 7,126 shares during the period. Clark Capital Management Group Inc.’s holdings in Vanguard Information Technology ETF were worth $7,443,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VGT. Uptick Partners LLC raised its position in Vanguard Information Technology ETF by 2.6% during the 3rd quarter. Uptick Partners LLC now owns 518 shares of the exchange traded fund’s stock valued at $387,000 after purchasing an additional 13 shares during the last quarter. 49 Wealth Management LLC grew its position in shares of Vanguard Information Technology ETF by 3.7% in the 3rd quarter. 49 Wealth Management LLC now owns 362 shares of the exchange traded fund’s stock worth $270,000 after buying an additional 13 shares during the last quarter. LongView Wealth Management grew its position in shares of Vanguard Information Technology ETF by 3.9% in the 3rd quarter. LongView Wealth Management now owns 374 shares of the exchange traded fund’s stock worth $279,000 after buying an additional 14 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Vanguard Information Technology ETF by 3.8% during the third quarter. GAMMA Investing LLC now owns 414 shares of the exchange traded fund’s stock valued at $309,000 after buying an additional 15 shares during the period. Finally, Lauer Wealth LLC increased its stake in shares of Vanguard Information Technology ETF by 3.4% during the third quarter. Lauer Wealth LLC now owns 462 shares of the exchange traded fund’s stock valued at $348,000 after buying an additional 15 shares during the period.

Vanguard Information Technology ETF Stock Down 0.9%

Shares of Vanguard Information Technology ETF stock opened at $714.44 on Monday. The business has a 50 day moving average of $743.59 and a 200 day moving average of $747.51. Vanguard Information Technology ETF has a 52 week low of $451.00 and a 52 week high of $806.99. The company has a market cap of $106.91 billion, a PE ratio of 34.55 and a beta of 1.25.

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.