Abound Wealth Management Acquires 4,439 Shares of Vanguard Information Technology ETF $VGT

Abound Wealth Management raised its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 668.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,103 shares of the exchange traded fund’s stock after acquiring an additional 4,439 shares during the period. Abound Wealth Management’s holdings in Vanguard Information Technology ETF were worth $610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC lifted its position in Vanguard Information Technology ETF by 34.9% in the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 598 shares during the last quarter. AQR Capital Management LLC grew 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 worth $2,249,000 after purchasing an additional 1,854 shares during the last quarter. Goldman Sachs Group Inc. grew 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 worth $61,288,000 after purchasing an additional 305 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Vanguard Information Technology ETF by 378.1% in the second quarter. Schnieders Capital Management LLC. now owns 6,713 shares of the exchange traded fund’s stock worth $4,453,000 after buying an additional 5,309 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Vanguard Information Technology ETF by 17.9% in the second quarter. First Trust Advisors LP now owns 980 shares of the exchange traded fund’s stock worth $650,000 after buying an additional 149 shares during the period.

Vanguard Information Technology ETF Stock Down 0.1%

NYSEARCA:VGT opened at $120.17 on Wednesday. The company has a fifty day moving average of $116.48 and a 200 day moving average of $104.59. Vanguard Information Technology ETF has a 52 week low of $83.09 and a 52 week high of $126.00. The firm has a market capitalization of $147.32 billion, a P/E 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.