Farther Finance Advisors LLC Increases Position in Vanguard Information Technology ETF $VGT

Farther Finance Advisors LLC boosted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 5.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 174,513 shares of the exchange traded fund’s stock after purchasing an additional 9,054 shares during the period. Farther Finance Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $21,931,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VGT. Northwestern Mutual Wealth Management Co. increased its position in shares of Vanguard Information Technology ETF by 657.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock valued at $565,516,000 after purchasing an additional 4,107,038 shares during the period. HighTower Advisors LLC grew its holdings in Vanguard Information Technology ETF by 762.8% during the second quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock worth $436,378,000 after acquiring an additional 3,227,909 shares during the period. Envestnet Asset Management Inc. grew its holdings in Vanguard Information Technology ETF by 817.3% during the second quarter. Envestnet Asset Management Inc. now owns 3,330,327 shares of the exchange traded fund’s stock worth $398,041,000 after acquiring an additional 2,967,256 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Vanguard Information Technology ETF by 693.4% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock worth $289,390,000 after acquiring an additional 2,116,095 shares during the period. Finally, Nissay Asset Management Corp Japan raised its position in Vanguard Information Technology ETF by 700.0% in the second quarter. Nissay Asset Management Corp Japan now owns 1,637,816 shares of the exchange traded fund’s stock worth $195,752,000 after acquiring an additional 1,433,089 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

NYSEARCA VGT traded down $2.12 on Thursday, reaching $127.25. The company’s stock had a trading volume of 5,136,195 shares, compared to its average volume of 4,459,128. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $130.66. The stock has a market cap of $155.88 billion, a PE ratio of 34.55 and a beta of 1.34. The firm’s 50 day moving average is $121.51 and its two-hundred day moving average is $113.29.

Vanguard Information Technology ETF Company 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.