Northwest Wealth Advisors LLC Increases Position in Vanguard Information Technology ETF $VGT

Northwest Wealth Advisors LLC increased its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,732 shares of the exchange traded fund’s stock after acquiring an additional 12,016 shares during the period. Vanguard Information Technology ETF makes up about 0.9% of Northwest Wealth Advisors LLC’s portfolio, making the stock its 14th biggest holding. Northwest Wealth Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $1,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VGT. First Merchants Corp raised its position in Vanguard Information Technology ETF by 744.7% during the second quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock valued at $39,631,000 after acquiring an additional 292,331 shares in the last quarter. Innovative Wealth Building LLC boosted its position in Vanguard Information Technology ETF by 748.5% in the 2nd quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock worth $7,003,000 after purchasing an additional 51,687 shares in the last quarter. Clark Asset Management LLC boosted its position in Vanguard Information Technology ETF by 1,004.8% in the 2nd quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock worth $659,000 after purchasing an additional 5,014 shares in the last quarter. Financial & Tax Architects LLC acquired a new stake in shares of Vanguard Information Technology ETF during the 2nd quarter worth approximately $491,000. Finally, Baron Financial Group LLC grew its stake in shares of Vanguard Information Technology ETF by 700.0% during the 2nd quarter. Baron Financial Group LLC now owns 5,024 shares of the exchange traded fund’s stock worth $600,000 after purchasing an additional 4,396 shares during the period.

Vanguard Information Technology ETF Price Performance

NYSEARCA:VGT opened at $119.79 on Wednesday. The company has a 50 day moving average price of $116.78 and a 200-day moving average price of $105.53. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00. The firm has a market cap of $146.85 billion, a price-to-earnings 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.