Shah Wealth Advisors LLC Takes $33.16 Million Position in Vanguard Information Technology ETF $VGT

Shah Wealth Advisors LLC bought a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 277,415 shares of the exchange traded fund’s stock, valued at approximately $33,157,000. Vanguard Information Technology ETF makes up about 7.7% of Shah Wealth Advisors LLC’s holdings, making the stock its 2nd largest holding.

A number of other institutional investors also recently made changes to their positions in VGT. Kingdom Financial Group LLC. acquired a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Vanguard Information Technology ETF by 497.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 194 shares in the last quarter. RHL Group LLC acquired a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at $31,000. Jessup Wealth Management Inc acquired a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at $31,000. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of Vanguard Information Technology ETF in the second quarter valued at $31,000.

Vanguard Information Technology ETF Stock Up 0.3%

Shares of VGT stock opened at $121.27 on Friday. The stock has a 50-day simple moving average of $117.35 and a 200 day simple moving average of $107.87. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00. The stock has a market capitalization of $148.67 billion, a P/E ratio of 34.55 and a beta of 1.35.

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.