Summit Wealth Partners LLC Makes New $202,000 Investment in Vanguard Information Technology ETF (NYSEARCA:VGT)

Summit Wealth Partners LLC bought a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 350 shares of the exchange traded fund’s stock, valued at approximately $202,000.

Several other institutional investors have also recently made changes to their positions in the stock. Wulff Hansen & CO. boosted its holdings in Vanguard Information Technology ETF by 56,640.2% in the 2nd quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock valued at $3,079,540,000 after purchasing an additional 5,331,540 shares during the period. Strategic Financial Concepts LLC boosted its stake in Vanguard Information Technology ETF by 54,658.6% during the second quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock valued at $868,897,000 after buying an additional 1,504,206 shares during the period. LPL Financial LLC increased its stake in Vanguard Information Technology ETF by 5.9% in the 2nd quarter. LPL Financial LLC now owns 1,161,897 shares of the exchange traded fund’s stock worth $669,938,000 after acquiring an additional 64,672 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Vanguard Information Technology ETF by 3.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 506,703 shares of the exchange traded fund’s stock valued at $292,185,000 after acquiring an additional 17,933 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Vanguard Information Technology ETF by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 501,842 shares of the exchange traded fund’s stock valued at $289,357,000 after acquiring an additional 4,910 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of VGT opened at $575.64 on Thursday. The firm has a market cap of $72.48 billion, a P/E ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 1 year low of $397.76 and a 1 year high of $609.15. The stock has a 50 day simple moving average of $561.56 and a two-hundred day simple moving average of $549.55.

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).