MCF Advisors LLC Raises Stock Holdings in Vanguard Information Technology ETF $VGT

MCF Advisors LLC increased its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 669.7% during the 2nd quarter, Holdings Channel reports. The firm owned 5,034 shares of the exchange traded fund’s stock after purchasing an additional 4,380 shares during the quarter. MCF Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $602,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kingdom Financial Group LLC. purchased a new position in Vanguard Information Technology ETF in the 4th quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Vanguard Information Technology ETF by 497.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 194 shares during the last quarter. RHL Group LLC purchased a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at $31,000. Jessup Wealth Management Inc purchased a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at $31,000. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of Vanguard Information Technology ETF during the 2nd quarter worth $31,000.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA:VGT opened at $119.63 on Friday. The firm has a market capitalization of $146.66 billion, a PE ratio of 34.55 and a beta of 1.35. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00. The firm has a fifty day moving average of $117.65 and a 200 day moving average of $108.80.

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.