IFP Advisors Inc Has $32.92 Million Stock Holdings in Vanguard Information Technology ETF $VGT

IFP Advisors Inc lifted its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 731.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 275,462 shares of the exchange traded fund’s stock after purchasing an additional 242,342 shares during the quarter. Vanguard Information Technology ETF comprises about 0.6% of IFP Advisors Inc’s holdings, making the stock its 26th biggest holding. IFP Advisors Inc’s holdings in Vanguard Information Technology ETF were worth $32,923,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VGT. Brighton Jones LLC lifted its position in shares of Vanguard Information Technology ETF by 34.9% during the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 598 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Vanguard Information Technology ETF by 80.9% in the first quarter. AQR Capital Management LLC now owns 4,147 shares of the exchange traded fund’s stock valued at $2,249,000 after purchasing an additional 1,854 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Vanguard Information Technology ETF by 0.3% in the first quarter. Goldman Sachs Group Inc. now owns 112,999 shares of the exchange traded fund’s stock valued at $61,288,000 after purchasing an additional 305 shares in the last quarter. Schnieders Capital Management LLC. raised its position in Vanguard Information Technology ETF by 378.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,713 shares of the exchange traded fund’s stock worth $4,453,000 after purchasing an additional 5,309 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Vanguard Information Technology ETF by 17.9% in the 2nd quarter. First Trust Advisors LP now owns 980 shares of the exchange traded fund’s stock worth $650,000 after purchasing an additional 149 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

NYSEARCA:VGT opened at $121.05 on Wednesday. The stock’s fifty day moving average price is $117.48 and its two-hundred day moving average price is $108.40. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00. The company has a market cap of $148.40 billion, a price-to-earnings ratio of 34.55 and a beta of 1.35.

Vanguard Information Technology ETF 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.