Kwmg LLC Increases Position in Vanguard Information Technology ETF $VGT

Kwmg LLC grew its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 713.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 188,807 shares of the exchange traded fund’s stock after buying an additional 165,589 shares during the period. Vanguard Information Technology ETF accounts for 1.6% of Kwmg LLC’s portfolio, making the stock its 20th largest position. Kwmg LLC’s holdings in Vanguard Information Technology ETF were worth $22,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VGT. Kingdom Financial Group LLC. bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth approximately $27,000. Wells Financial Advisors INC bought a new position in Vanguard Information Technology ETF in the 4th quarter valued at $29,000. RHL Group LLC bought a new position in Vanguard Information Technology ETF in the 4th quarter valued at $31,000. Jessup Wealth Management Inc bought a new position in Vanguard Information Technology ETF in the 4th quarter valued at $31,000. Finally, Semmax Financial Advisors Inc. purchased a new stake in Vanguard Information Technology ETF in the second quarter worth $31,000.

Vanguard Information Technology ETF Trading Up 1.5%

NYSEARCA:VGT opened at $121.45 on Friday. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $126.00. The company has a market cap of $148.89 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The stock has a fifty day simple moving average of $116.67 and a 200-day simple moving average of $104.14.

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.