HighRoad Wealth Advisors LLC Increases Stock Holdings in Vanguard Information Technology ETF $VGT

HighRoad Wealth Advisors LLC raised its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.1% in the second quarter, HoldingsChannel reports. The firm owned 8,161 shares of the exchange traded fund’s stock after buying an additional 7,141 shares during the quarter. Vanguard Information Technology ETF makes up 0.8% of HighRoad Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest position. HighRoad Wealth Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $975,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VGT. First Merchants Corp increased its holdings in Vanguard Information Technology ETF by 744.7% during the second quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock valued at $39,631,000 after buying an additional 292,331 shares during the last quarter. Clark Asset Management LLC raised its position in Vanguard Information Technology ETF by 1,004.8% in the second quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock worth $659,000 after acquiring an additional 5,014 shares during the period. Baron Financial Group LLC boosted its stake in shares of Vanguard Information Technology ETF by 700.0% during the 2nd quarter. Baron Financial Group LLC now owns 5,024 shares of the exchange traded fund’s stock worth $600,000 after acquiring an additional 4,396 shares during the last quarter. Abound Wealth Management boosted its stake in shares of Vanguard Information Technology ETF by 668.5% during the 2nd quarter. Abound Wealth Management now owns 5,103 shares of the exchange traded fund’s stock worth $610,000 after acquiring an additional 4,439 shares during the last quarter. Finally, Ballast Inc. boosted its stake in shares of Vanguard Information Technology ETF by 848.4% during the 2nd quarter. Ballast Inc. now owns 50,009 shares of the exchange traded fund’s stock worth $5,977,000 after acquiring an additional 44,736 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of VGT stock opened at $122.56 on Monday. The company has a market cap of $150.25 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $126.00. The firm has a fifty day moving average price of $116.58 and a 200-day moving average price of $105.18.

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.