Sun Group Wealth Partners Has $5.97 Million Stake in Vanguard Information Technology ETF $VGT

Sun Group Wealth Partners lifted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 674.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,984 shares of the exchange traded fund’s stock after purchasing an additional 43,527 shares during the period. Vanguard Information Technology ETF accounts for about 4.1% of Sun Group Wealth Partners’ investment portfolio, making the stock its 9th biggest holding. Sun Group Wealth Partners’ holdings in Vanguard Information Technology ETF were worth $5,974,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. First Merchants Corp lifted its holdings in shares of 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 purchasing an additional 292,331 shares during the last quarter. Clark Asset Management LLC increased its position in Vanguard Information Technology ETF by 1,004.8% during the 2nd quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock valued at $659,000 after buying an additional 5,014 shares in the last quarter. Baron Financial Group LLC increased its position in 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 valued at $600,000 after buying an additional 4,396 shares in the last quarter. Abound Wealth Management raised its stake in Vanguard Information Technology ETF by 668.5% during the second quarter. Abound Wealth Management now owns 5,103 shares of the exchange traded fund’s stock valued at $610,000 after buying an additional 4,439 shares during the last quarter. Finally, Ballast Inc. raised its stake in Vanguard Information Technology ETF by 848.4% during the second quarter. Ballast Inc. now owns 50,009 shares of the exchange traded fund’s stock valued at $5,977,000 after buying an additional 44,736 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of Vanguard Information Technology ETF stock opened at $122.54 on Tuesday. The stock has a market cap of $150.22 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The firm’s 50-day moving average is $116.69 and its 200 day moving average is $105.36. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $126.00.

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.