Independent Financial Group LLC Makes New $7.60 Million Investment in Vanguard Information Technology ETF $VGT

Independent Financial Group LLC acquired a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,894 shares of the exchange traded fund’s stock, valued at approximately $7,601,000.

A number of other large investors also recently modified their holdings of the company. Kingdom Financial Group LLC. purchased a new stake in Vanguard Information Technology ETF in the fourth quarter worth approximately $27,000. Wells Financial Advisors INC purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth approximately $29,000. Strategic Advocates LLC purchased a new position in shares of Vanguard Information Technology ETF during the third quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth approximately $30,000. Finally, RHL Group LLC bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth approximately $31,000.

Vanguard Information Technology ETF Stock Performance

Shares of Vanguard Information Technology ETF stock opened at $114.24 on Friday. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00. The stock has a market capitalization of $140.05 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The company has a fifty day moving average of $116.66 and a 200-day moving average of $101.95.

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.