Naples Global Advisors LLC Increases Stock Holdings in Vanguard Information Technology ETF $VGT

Naples Global Advisors LLC raised its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,742 shares of the exchange traded fund’s stock after acquiring an additional 98,649 shares during the quarter. Vanguard Information Technology ETF makes up approximately 0.8% of Naples Global Advisors LLC’s portfolio, making the stock its 26th biggest position. Naples Global Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $13,475,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sivia Capital Partners LLC acquired a new stake in shares of Vanguard Information Technology ETF during the second quarter worth about $224,000. Hartford Financial Management Inc. boosted its stake in shares of Vanguard Information Technology ETF by 768.4% in the second quarter. Hartford Financial Management Inc. now owns 193,254 shares of the exchange traded fund’s stock valued at $23,098,000 after purchasing an additional 171,000 shares during the period. Lodestone Wealth Management LLC grew its holdings in shares of Vanguard Information Technology ETF by 874.2% in the second quarter. Lodestone Wealth Management LLC now owns 1,588 shares of the exchange traded fund’s stock valued at $190,000 after purchasing an additional 1,425 shares in the last quarter. ORBA Wealth Advisors L.L.C. grew its holdings in shares of Vanguard Information Technology ETF by 460.3% in the second quarter. ORBA Wealth Advisors L.L.C. now owns 4,034 shares of the exchange traded fund’s stock valued at $482,000 after purchasing an additional 3,314 shares in the last quarter. Finally, Essex LLC increased its stake in Vanguard Information Technology ETF by 757.7% during the 2nd quarter. Essex LLC now owns 2,616 shares of the exchange traded fund’s stock worth $313,000 after buying an additional 2,311 shares during the period.

Vanguard Information Technology ETF Stock Down 2.2%

Shares of VGT opened at $119.79 on Wednesday. The company has a market cap of $146.85 billion, a P/E ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00. The firm’s 50 day moving average price is $116.78 and its 200 day moving average price is $105.53.

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.