Forum Financial Management LP Buys Shares of 868 Vanguard Information Technology ETF $VGT

Forum Financial Management LP bought a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 868 shares of the exchange traded fund’s stock, valued at approximately $648,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VGT. Laurel Wealth Advisors LLC increased its holdings in Vanguard Information Technology ETF by 210,235.8% in the second quarter. Laurel Wealth Advisors LLC now owns 1,487,074 shares of the exchange traded fund’s stock worth $986,346,000 after buying an additional 1,486,367 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Vanguard Information Technology ETF in the second quarter worth approximately $773,405,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Vanguard Information Technology ETF during the 2nd quarter worth $454,530,000. PGIM Custom Harvest LLC raised its holdings in shares of Vanguard Information Technology ETF by 48.7% during the 2nd quarter. PGIM Custom Harvest LLC now owns 781,415 shares of the exchange traded fund’s stock valued at $518,297,000 after purchasing an additional 255,787 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of Vanguard Information Technology ETF by 2,925.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 152,433 shares of the exchange traded fund’s stock valued at $101,106,000 after purchasing an additional 147,394 shares during the last quarter.

Vanguard Information Technology ETF Trading Up 0.5%

Shares of NYSEARCA:VGT opened at $765.51 on Tuesday. The stock has a market capitalization of $114.55 billion, a PE ratio of 34.55 and a beta of 1.25. The firm has a fifty day moving average price of $757.06 and a 200 day moving average price of $730.08. Vanguard Information Technology ETF has a 1 year low of $451.00 and a 1 year high of $806.99.

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.