Thrivent Financial for Lutherans Boosts Position in Vanguard Information Technology ETF $VGT

Thrivent Financial for Lutherans grew its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 36.3% during the 2nd quarter, Holdings Channel reports. The fund owned 3,444 shares of the exchange traded fund’s stock after purchasing an additional 917 shares during the period. Thrivent Financial for Lutherans’ holdings in Vanguard Information Technology ETF were worth $2,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Semmax Financial Advisors Inc. acquired a new position in Vanguard Information Technology ETF during the second quarter valued at $31,000. Kilter Group LLC acquired a new position in shares of Vanguard Information Technology ETF in the 2nd quarter valued at about $37,000. Sawyer & Company Inc purchased a new stake in shares of Vanguard Information Technology ETF in the second quarter worth about $38,000. Rice Partnership LLC acquired a new stake in Vanguard Information Technology ETF during the second quarter worth about $40,000. Finally, Blume Capital Management Inc. grew its holdings in Vanguard Information Technology ETF by 62.5% during the second quarter. Blume Capital Management Inc. now owns 65 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 25 shares during the period.

Vanguard Information Technology ETF Trading Up 0.6%

Shares of NYSEARCA:VGT opened at $765.03 on Wednesday. Vanguard Information Technology ETF has a 12-month low of $451.00 and a 12-month high of $806.99. The business has a 50 day moving average of $760.54 and a two-hundred day moving average of $717.63. The company has a market capitalization of $113.19 billion, a PE ratio of 34.55 and a beta of 1.25.

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.