Pinnacle Wealth Management Advisory Group LLC Purchases 13,993 Shares of Vanguard Information Technology ETF $VGT

Pinnacle Wealth Management Advisory Group LLC boosted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 673.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,071 shares of the exchange traded fund’s stock after purchasing an additional 13,993 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vanguard Information Technology ETF were worth $1,921,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VGT. HighTower Advisors LLC increased its holdings in Vanguard Information Technology ETF by 762.8% in the second quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock valued at $436,378,000 after purchasing an additional 3,227,909 shares during the period. Florida Trust Wealth Management Co lifted its holdings in Vanguard Information Technology ETF by 725.8% during the 2nd quarter. Florida Trust Wealth Management Co now owns 21,736 shares of the exchange traded fund’s stock worth $2,598,000 after buying an additional 19,104 shares during the period. First Merchants Corp lifted its holdings in Vanguard Information Technology ETF by 744.7% during the 2nd quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock worth $39,631,000 after buying an additional 292,331 shares during the period. Innovative Wealth Building LLC grew its position in shares of Vanguard Information Technology ETF by 748.5% in the 2nd quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock valued at $7,003,000 after buying an additional 51,687 shares during the last quarter. Finally, Clark Asset Management LLC grew its position in shares of Vanguard Information Technology ETF by 1,004.8% in 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 during the last quarter.

Vanguard Information Technology ETF Trading Down 0.2%

Shares of VGT stock opened at $121.05 on Wednesday. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00. The stock has a market cap of $148.40 billion, a price-to-earnings ratio of 34.55 and a beta of 1.35. The stock has a 50-day moving average of $117.48 and a 200-day moving average of $108.40.

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.