Pathway Financial Advisors LLC Raises Stake in Vanguard Information Technology ETF $VGT

Pathway Financial Advisors LLC boosted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 710.4% in the 2nd quarter, Holdings Channel reports. The firm owned 23,112 shares of the exchange traded fund’s stock after acquiring an additional 20,260 shares during the quarter. Pathway Financial Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $2,650,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Kingdom Financial Group LLC. purchased a new stake in shares of Vanguard Information Technology ETF in the fourth quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vanguard Information Technology ETF during the fourth quarter valued at approximately $30,000. Wells Financial Advisors INC purchased a new position in Vanguard Information Technology ETF during the fourth quarter valued at approximately $29,000. RHL Group LLC bought a new stake in Vanguard Information Technology ETF during the 4th quarter worth approximately $31,000. Finally, Jessup Wealth Management Inc bought a new stake in Vanguard Information Technology ETF during the 4th quarter worth approximately $31,000.

Vanguard Information Technology ETF Price Performance

NYSEARCA VGT opened at $120.15 on Wednesday. The company’s 50 day simple moving average is $116.60 and its two-hundred day simple moving average is $103.67. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $126.00. The stock has a market capitalization of $147.29 billion, a PE ratio of 34.55 and a beta of 1.34.

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.