Compass Financial Management LLC Acquires New Holdings in Vanguard Information Technology ETF $VGT

Compass Financial Management LLC bought a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 79,360 shares of the exchange traded fund’s stock, valued at approximately $9,508,000. Vanguard Information Technology ETF accounts for about 1.1% of Compass Financial Management LLC’s portfolio, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of VGT. Florida Trust Wealth Management Co grew its position in Vanguard Information Technology ETF by 725.8% in the second quarter. Florida Trust Wealth Management Co now owns 21,736 shares of the exchange traded fund’s stock worth $2,598,000 after acquiring an additional 19,104 shares in the last quarter. 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 purchasing an additional 292,331 shares in the last quarter. Innovative Wealth Building LLC raised its position in Vanguard Information Technology ETF by 748.5% during the second quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock valued at $7,003,000 after purchasing an additional 51,687 shares in the last quarter. Clark Asset Management LLC lifted its stake in Vanguard Information Technology ETF by 1,004.8% during the second 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 during the last quarter. Finally, Financial & Tax Architects LLC bought a new stake in Vanguard Information Technology ETF during the second quarter worth about $491,000.

Vanguard Information Technology ETF Trading Up 0.1%

VGT opened at $118.42 on Friday. The stock has a market capitalization of $145.17 billion, a P/E ratio of 34.55 and a beta of 1.34. The stock has a 50-day moving average price of $116.99 and a 200-day moving average price of $105.96. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month high of $126.00.

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.