Farmers & Merchants Investments Inc. Purchases 6,434 Shares of Vanguard Information Technology ETF $VGT

Farmers & Merchants Investments Inc. grew its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 681.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,378 shares of the exchange traded fund’s stock after buying an additional 6,434 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Vanguard Information Technology ETF were worth $882,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in shares of Vanguard Information Technology ETF by 690.1% during the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 1,378,210 shares of the exchange traded fund’s stock valued at $164,724,000 after acquiring an additional 1,203,781 shares during the period. Armstrong Advisory Group Inc. increased its position in Vanguard Information Technology ETF by 704.1% in the second quarter. Armstrong Advisory Group Inc. now owns 1,027,235 shares of the exchange traded fund’s stock worth $122,775,000 after purchasing an additional 899,479 shares during the period. Systematic Alpha Investments LLC increased its position in Vanguard Information Technology ETF by 700.0% in the first quarter. Systematic Alpha Investments LLC now owns 658,400 shares of the exchange traded fund’s stock worth $459,379,000 after purchasing an additional 576,100 shares during the period. Focus Partners Wealth increased its position in Vanguard Information Technology ETF by 78.8% in the fourth quarter. Focus Partners Wealth now owns 1,297,055 shares of the exchange traded fund’s stock worth $977,603,000 after purchasing an additional 571,488 shares during the period. Finally, Spire Wealth Management raised its holdings in Vanguard Information Technology ETF by 669.8% during the 2nd quarter. Spire Wealth Management now owns 575,609 shares of the exchange traded fund’s stock worth $68,789,000 after purchasing an additional 500,833 shares during the last quarter.

Vanguard Information Technology ETF Trading Down 0.3%

Shares of NYSEARCA:VGT opened at $122.56 on Friday. 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 $150.25 billion, a P/E ratio of 34.55 and a beta of 1.34. The business has a 50-day moving average price of $116.58 and a two-hundred day moving average price of $105.11.

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.