Vanguard Information Technology ETF $VGT Stock Acquired by Welch Group LLC

Welch Group LLC grew its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 83.8% during the third quarter, Holdings Channel reports. The firm owned 13,571 shares of the exchange traded fund’s stock after purchasing an additional 6,187 shares during the quarter. Welch Group LLC’s holdings in Vanguard Information Technology ETF were worth $1,705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vestor Capital LLC purchased a new stake in shares of Vanguard Information Technology ETF during the first quarter worth approximately $70,000. Robinswood Financial LLC purchased a new position in shares of Vanguard Information Technology ETF during the first quarter worth about $80,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Vanguard Information Technology ETF by 497.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 194 shares during the period. Kaizen Financial Strategies acquired a new stake in Vanguard Information Technology ETF during the 1st quarter worth $188,000. Finally, Kings Path Partners LLC acquired a new position in Vanguard Information Technology ETF in the third quarter valued at $34,000.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $116.96 on Monday. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $130.66. The firm has a 50-day simple moving average of $122.48 and a 200-day simple moving average of $109.29. The company has a market capitalization of $143.87 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

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.